The most talked-about token in the last hour: $TAO at $334 (-13.20%) shows strong bearish momentum breaking below pivot at $356. Key focus on S1 support at $311 which needs to hold to prevent further downside to $289.

Technical signals are decisively bearish - RSI at 34.82 indicates oversold but not yet extreme, MACD bearish crossover with widening spread (-18.97 vs -16.56). Strong bearish trend confirmed by ADX at 52.6 and DMI showing sellers in control (44.3 negative vs 13.8 positive).

Risk assessment relatively contained at 3/10 despite price action, with low volatility (28.74%) and healthy liquidity ratio (24.07%). However, technical setup suggests caution.

Volume showing above average activity at $641.73M (1.43x ratio) indicating strong conviction in current move. Market structure remains intact with $2.67B market cap, though price discovery stalled at 0%.

Key actions: Watch S1 ($311) for potential bounce or breakdown. Current setup favors shorts until technical signals show reversal signs.

Full Analysis: