Deep Dive
1. GameFi Sector Pressures (Bearish Impact)
Overview: YouTube’s November 7 policy update targeting gambling-linked content triggered a 10% GameFi market cap drop, with TAC’s gaming/DeFi hybrid use case caught in the crossfire (Yahoo Finance).
What this means: While TAC isn’t directly a gaming token, its integration with Telegram MiniApps positions it as infrastructure for play-to-earn (P2E) projects. Fears of reduced GameFi user growth could depress demand for TAC’s services.
What to watch: Telegram’s response to YouTube’s policy – if MiniApps avoid restrictions, TAC could rebound.
2. Technical Rejection at Key Level (Bearish Impact)
Overview: TAC faced resistance at its pivot point ($0.0045), with the price currently at $0.00444. The 30-day SMA ($0.0047) caps upside, while the MACD histogram’s near-flat trajectory (+0.00000377) shows weak bullish momentum.
What this means: Traders likely sold near the pivot, a common profit-taking zone in thin markets (24h volume: $1.7M). The RSI at 47.76 suggests no oversold bounce is imminent.
Key level: A close above $0.0045 could signal trend reversal; below $0.0043 risks new lows.
3. Altcoin Liquidity Drain (Bearish Impact)
Overview: Bitcoin’s dominance hit 58.72% (up 0.25% in 24h), reflecting capital rotation away from alts. The Altcoin Season Index fell to 16, near yearly lows, as traders favor “safe” large caps.
What this means: TAC’s low liquidity (turnover ratio: 0.145) amplifies downside during market-wide risk aversion. With 90% of its all-time high loss, weak hands may be exiting positions.
Conclusion
TAC’s drop stems from GameFi sector jitters, failed technical breakout attempts, and a hostile environment for small-cap alts. Key watch: Can TAC hold its July 2025 launch price floor of $0.00376, or will macro headwinds push it to new lows? Monitor Bitcoin’s price action and Telegram’s regulatory countermeasures for directional cues.