BitTorrent (BTT) is currently priced at $0.000000419, reflecting a slight decline of 1.19% over the past 24 hours. The daily trading range has been narrow, with a high of $0.000000424 and a low of $0.000000417, indicating limited volatility in the short term.

Trading volume stands at approximately 12.34 million, contributing to a volume-to-market cap ratio of 2.99%. The recent performance has been underwhelming, with a 7-day price change of -1.51% and a 14-day change of +3.43%, suggesting some upward momentum in the medium term but overall weakness recently.

From a technical perspective, the hourly moving averages show a bearish trend, with the 55 SMA at $0.00000043 and the 144 SMA at $0.00000043 indicating a downward bias. The 1-hour RSI is at 31, suggesting that BTT is nearing oversold conditions, while the 7-day RSI at 49 indicates a neutral momentum stance.

The all-time high for BTT remains significantly higher at $0.00000343, achieved in January 2022, presenting a substantial gap for recovery. Given the current market conditions, including low RSI readings and a recent downtrend, it appears that BTT is struggling to gain traction.

In conclusion, despite the potential for a recovery based on the longer-term price changes, the short-term indicators and market sentiment suggest continued weakness. Therefore, I rate BitTorrent (BTT) as a Hold, as investors may want to monitor for signs of a reversal before committing further capital.