TAO Crypto Tests Key Support at $194 Amid Persistent Selling Pressure

TAO crypto has been experiencing significant selling pressure in recent weeks, with its price sliding below a key long-term support zone at $194. The token's performance is closely tied to broader market trends, and macro factors such as the FOMC's rate decision can have a major impact on Bitcoin's (BTC) price movements.

In the past 24 hours, TAO was down 2.1%, while over the past week it saw a decline of nearly 4%. This downward trend is evident in both the weekly and daily charts, with the MACD and OBV indicators showing steady selling pressure.

The token's range formation on the weekly chart since April 2025 has been between $168 and $496. The recent bounce from $194 to $291 in mid-June did not translate into a bullish trend recovery, and bears continue to hold the upper hand.