TAO continues its downward trajectory, with the price falling 5-6% in the past 24 hours to trade in the mid-$200s. The cryptocurrency remains below key exponential moving averages (EMAs), and each rally faces selling pressure. Momentum indicators, including the MACD and RSI, suggest bearish control. Analysts caution against buying at current levels, likening the situation to Bitcoin's historical lows under $300. The fear and greed index indicates increased market caution, with immediate resistance levels posing challenges. A breakdown below current support could lead to further declines.