The $TAO chart is down 42% from the May top and the sellers think they won.

They read the price.
They never read the one number that decides this.
Right now it looks broken.
Price sits at 191.
Support holds at 170.
RSI sits at 38.
Every candle since May tells you to leave.
Here is what the candles do not show you.
Daily emissions already dropped from 7,200 to 3,600 TAO.
128 subnets are live and producing.
The hard cap is 21M and it never moves.
Supply is tightening while the crowd is walking out the door.
That is the whole trade.
The people selling read the price.
The people accumulating read the docs.
One group is reacting to a chart.
The other group already knows why 170 matters.
This is a supply squeeze waiting for a catalyst to pull the trigger.
Save this before it moves.