Bittensor TAO
Current Price
$237.42 -3.70%
$20.31 Daily Range (8.55%)
$228.89$249.20
$296.39M Daily Volume
4,183 BTC
Vol/MktCap: 13.01%
Market Performance
0.61% Relative BTC Volume
The total volume of Bittensor is $296.39M over the past 24 hours, compared to $48.38B total Bitcoin volume.
Hourly Moving Average
8 SMA $238.26 -0.35%
13 SMA $238.39 -0.41%
21 SMA $236.29 +0.48%
55 SMA $227.27 +4.47%
144 SMA $207.53 +14.40%
Price Performance
+0.81% 1 Hour Change
$237.42 from $235.52
+31.24% 7 Day Change
$74.18 from $163.24
+41.70% 14 Day Change
$99.01 from $138.41
+49.34% 30 Day Change
$117.14 from $120.28
All Time High
March 7, 2024
$757.60 -68.80%
-$521.26 vs. now
24H Change
-89.29M USD -3.77%
-1,260 BTC
Volume and Supply
Total Supply: 21.00M TAO 
9.60M TAO Available45.70% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
1.05 x BTC Supply1:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
1.24M TAO
traded over past 24 hours
12.92% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Bittensor AI Market Analysis
Bittensor (TAO) is currently trading at $235.36, reflecting a slight decline of 1.32% over the past 24 hours. The daily range indicates significant volatility, with a high of $249.20 and a low of $228.89, resulting in a daily fluctuation of approximately 20.31%.
Trading volume stands at $331,466,205, representing 14.69% of the market cap, which suggests strong market activity and liquidity. The short-term moving averages indicate bearish momentum, with the 8 SMA at $239.20 showing a decline of 1.60%, while the 13 SMA and 21 SMA are also in negative territory, reflecting short-term selling pressure.
In contrast, the longer-term 55 SMA at $223.44 is showing a positive trend, up 5.33%, indicating potential support levels. The 144 SMA further strengthens this view, up 14.78% at $205.06, suggesting that if the price retraces, there could be a buffer against further declines.
The 1-hour RSI is neutral at 49, indicating no immediate overbought or oversold conditions. Conversely, the 7-day RSI at 60 suggests the asset is nearing overbought territory, potentially indicating a price correction in the near term.
Over the past 7, 14, and 30 days, TAO has shown impressive price changes of 30.36%, 41.16%, and 48.46%, respectively, highlighting strong upward momentum in the longer term. Despite the recent pullback, the overall trend remains positive, supported by significant price gains over the past month.
Given the current technical indicators, particularly the bearish short-term moving averages and the neutral RSI, the market may be poised for a correction. However, the robust long-term performance and established support levels suggest that any pullback could be a buying opportunity.
In conclusion, the recommendation is to Hold TAO for now, monitoring for any signs of stabilization or further declines before making a Buy decision. Should the price breach the 55 SMA support at $223.44, a reevaluation may be warranted.
Trading volume stands at $331,466,205, representing 14.69% of the market cap, which suggests strong market activity and liquidity. The short-term moving averages indicate bearish momentum, with the 8 SMA at $239.20 showing a decline of 1.60%, while the 13 SMA and 21 SMA are also in negative territory, reflecting short-term selling pressure.
In contrast, the longer-term 55 SMA at $223.44 is showing a positive trend, up 5.33%, indicating potential support levels. The 144 SMA further strengthens this view, up 14.78% at $205.06, suggesting that if the price retraces, there could be a buffer against further declines.
The 1-hour RSI is neutral at 49, indicating no immediate overbought or oversold conditions. Conversely, the 7-day RSI at 60 suggests the asset is nearing overbought territory, potentially indicating a price correction in the near term.
Over the past 7, 14, and 30 days, TAO has shown impressive price changes of 30.36%, 41.16%, and 48.46%, respectively, highlighting strong upward momentum in the longer term. Despite the recent pullback, the overall trend remains positive, supported by significant price gains over the past month.
Given the current technical indicators, particularly the bearish short-term moving averages and the neutral RSI, the market may be poised for a correction. However, the robust long-term performance and established support levels suggest that any pullback could be a buying opportunity.
In conclusion, the recommendation is to Hold TAO for now, monitoring for any signs of stabilization or further declines before making a Buy decision. Should the price breach the 55 SMA support at $223.44, a reevaluation may be warranted.
Updated 134 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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