BitTorrent (BTT) is currently trading at $3.48508E-7, reflecting a slight decline of 0.97931% over the past 24 hours. The price has been constrained within a narrow daily range of $3.48208E-7 to $3.54956E-7, indicating limited volatility and trader indecision.

Volume stands at 15,071,585, corresponding to a relatively low 4.38% of the market cap, suggesting a lack of strong buying or selling pressure. The hourly moving averages show a consistent downtrend, with the 144 SMA indicating a more significant decline of 7.08%, reinforcing bearish sentiment.

The 1-hour RSI is currently at 26, which is well below the neutral threshold of 50, indicating an oversold condition in the short term. Similarly, the 7-day RSI at 31 further supports this view, reflecting weak momentum and potential for further declines if selling pressure continues.

Over the past week, BTT has experienced a price change of -13.49%, while the 14-day and 30-day changes of -13.62% and -16.62% respectively show a persistent downward trend. The all-time high of $3.43E-6 from January 2022 remains a distant target, highlighting the significant depreciation from past peaks.

Given the current technical indicators and market sentiment, BTT is underperforming with bearish signals dominating. With the low RSI values and consistent downward movement in moving averages, a Hold rating is advised; this suggests investors should wait for a clearer trend reversal or more favorable market conditions before making any buying decisions.