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TAO rebound encounters resistance at the BOLL middle band, KDJ golden cross lacks strength, trading volume continues to shrink, bulls are unable to mount a strong comeback, bears still firmly control the market, and a short-term decline continues.
Funds are flowing out of the AI sector, TAO is being heavily sold off by major players, combined with a weakening overall market, causing the rebound to be quickly suppressed.
Technical analysis on the 1-hour chart: BOLL middle band acting as resistance, KDJ golden cross weak, clear downtrend.
First target 165.00
Second target 160.00
Stop-loss at 179.00
$TAO $btc