$TAO 1-week chart. DOWNTREND and just above KEY weekly support

TAO deep dive, starting from the fundamental WEEKLY chart and some key info prepared by #Grok as this is a great #AI based project currently around the $3B in marketcap.

The WEEKLY chart is not looking great, we have KEY horizontal support right below but the bounces off this level have been smaller and smaller.

That $284 support is key to hold but the market structure is bearish, no doubt.

The emmission is pretty high, like 50k coins a week (around $15M worth of coins), but this is going to improve in December as TAO has got its HALVING.

The project has been growing, and the chart has been bearish on the WEEKLY. It has got to be tokenomics, mostly, imo.

Let's see what's on the DAILY (next post) 👽💙