TAO’s Downward Trend Deepens: Liquidations Triggered by Leverage unwinding

The TAO price has continued its downward trend as the market structure weakens further. This decline is driven by a combination of failed support levels and high leverage unwinds. Recent price action shows TAO breaking below a multi-month range, previously acting as a firm support level. This breakdown has coincided with heavy liquidation activity across major exchanges, triggered by traders overleveraging during rallies before unwinding positions.