TAO just took a -6.1% hit, slipping to $232 as miners cash out following the halving event. The coin lost the $250 support level, and market sentiment has shifted into Extreme Fear territory (reading at 22).
What's on the radar:
**Support zones**: $200 to $215 are holding the line for now **Resistance**: $245 remains the ceiling to watch
Here's the thing—halvings usually fuel rallies down the road, that's the historical playbook. But right now? The short-term chart is screaming caution. Miners dumping inventory post-halving creates immediate selling pressure, which can override bullish fundamentals in the near term.
The Fear reading actually suggests we're in capitulation territory. Whether that's a wash-out setup or a warning sign depends on how those support levels hold up. If $215 breaks, the picture gets messier.
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orphaned_block
· 2h ago
I've seen miners dumping this surgery too many times. Historically, it's Favourable Information, no doubt, but in the short term, it's just a cut loss one after another.
This position at 233 actually isn't the bottom; the key is whether it can hold at 215...
This extreme panic number is kind of funny, haha.
Wait a minute, is this round a real fall or just another round of the "buy the dip trap" old script?
It's completely normal to half-reduce and clean up the market data, but the question is how long it will take to rebound... It’s really painful to look at it this way in the short term.
If $215 breaks, we might have to look for support downwards. Isn't this the most classic downturn pattern?
Instead of looking at the support level, it's better to look at the volume; a rebound without volume is all fake.
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Web3ExplorerLin
· 12-19 05:49
hypothesis: miners panic-selling post-halving is basically the crypto equivalent of that ancient wisdom about how markets swing between fear & greed... $215 really is the make-or-break line here, ngl. the fear gauge at 22 feels less like capitulation & more like the market hasn't fully digested what's coming next
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TokenomicsTrapper
· 12-19 05:45
ngl miner dumps are so predictable it's almost clockwork... actually if you read the halving contract mechanics, vesting unlocks hit like 48hrs later. classic exit pump pattern nobody talks about lmao
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0xLuckbox
· 12-19 05:43
The old trick of miners smashing the market will inevitably play out after the half-life... However, the 233 price is not really a bottom, if it breaks below 215, we'll see.
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Extreme fear? Hey, isn't this the best buying opportunity? History has proven that those who survive this wave make a profit.
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I just want to know if 215 can hold this time. If it can't, I really have to consider cutting losses.
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To put it simply, it's still the whales controlling the market. When the technicals collapse, the mentality collapses first. Let's wait and see.
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Before 245 is broken, it's all fake drops. Just trust the fundamentals and continue to stay flat.
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Damn, it's the miners again. Every half-life they mess around like this. So annoying.
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Extreme fear is usually a bottom signal... But I'm a bit scared this time, so I'm still watching.
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Support level must hold at 215. If it breaks, it's really dangerous. Don't say I didn't warn you.
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RunWhenCut
· 12-19 05:26
Miners' wave of dumping is really fierce, 222 is almost unholdable...
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The extreme fear index is only 22? The bottom might not be that close
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Halving has historically led to rises, why is it dropping so much this time?
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$215 breaking down means disaster, now it's just about whether it can hold
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Basically, miners are pushing the price down, the fundamentals are still there
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This drop is purely a wave of panic selling, don't be scared out
View OriginalReply0
Whale_Whisperer
· 12-19 05:20
Miner's sell-off this wave, if it doesn't break $215, there's still hope. If it breaks, it really needs to be averaged down.
TAO's Post-Halving Slide: Structure vs Sentiment
TAO just took a -6.1% hit, slipping to $232 as miners cash out following the halving event. The coin lost the $250 support level, and market sentiment has shifted into Extreme Fear territory (reading at 22).
What's on the radar:
**Support zones**: $200 to $215 are holding the line for now
**Resistance**: $245 remains the ceiling to watch
Here's the thing—halvings usually fuel rallies down the road, that's the historical playbook. But right now? The short-term chart is screaming caution. Miners dumping inventory post-halving creates immediate selling pressure, which can override bullish fundamentals in the near term.
The Fear reading actually suggests we're in capitulation territory. Whether that's a wash-out setup or a warning sign depends on how those support levels hold up. If $215 breaks, the picture gets messier.