BitTorrent (BTT) is currently trading at $0.000000326505, having experienced a 24-hour decline of 2.18%. The daily trading range is narrow, with a high of $0.000000334337 and a low of $0.000000324412, indicating limited volatility in the short term.

Trading volume stands at 8,360,520, contributing to a market cap volume ratio of 2.59%, which suggests a relatively low interest from traders. The hourly and short-term moving averages indicate a bearish trend, with all moving averages showing negative percentage changes, particularly the 55 SMA at -2.10%, reinforcing downward momentum.

The 1-hour RSI is significantly low at 12, indicating extreme oversold conditions, which could prompt a potential short-term rebound. Conversely, the 7-day RSI at 41 suggests a weak bearish momentum, while the 14-day and 30-day price changes of -3.75% and -19.55%, respectively, indicate a longer-term downtrend.

With the all-time high of $0.00000343 achieved on January 21, 2022, the current price reflects a significant depreciation. The historical data showcases a clear downtrend, and the negative price changes over various time frames reinforce a lack of buying pressure.

In summary, BitTorrent is currently facing bearish momentum, evidenced by both technical indicators and price action. Given the oversold RSI, a short-term rebound may be possible; however, the prevailing trend remains negative.

Rating: Hold. The significant long-term downtrend suggests that while a short-term bounce may occur, the overall market sentiment is unfavorable for new positions.