TAO faces pressure after its first halving event, down 0.90% in the last 24 hours as profit-taking sweeps through the market. With mining emissions cut by 50%, miners are locking in gains, triggering a wave of selling.

On the charts, the picture looks shaky. Price got rejected at the $370 level and is now trading below key moving averages—not a great sign. The RSI sits at 34, signaling weakness, though we're not quite in oversold territory yet.

Meanwhile, the broader AI sector is nursing a 21% weekly loss as capital rotates elsewhere. This rotation pressure isn't helping TAO's recovery prospects in the near term. Watch the support levels closely—if the floor breaks, deeper testing could be coming.