Bittensor TAO
Current Price
$258.81 -11.65%
$41.42 Daily Range (16.00%)
$253.33$294.75
$1.18B Daily Volume
16,171 BTC
Vol/MktCap: 47.74%
Market Performance
3.13% Relative BTC Volume
The total volume of Bittensor is $1.18B over the past 24 hours, compared to $37.64B total Bitcoin volume.
Hourly Moving Average
8 SMA $264.54 -2.17%
13 SMA $264.95 -2.32%
21 SMA $266.94 -3.04%
55 SMA $303.12 -14.62%
144 SMA $311.33 -16.87%
Price Performance
+1.06% 1 Hour Change
$258.81 from $256.10
-15.97% 7 Day Change
-$41.33 from $300.14
-17.68% 14 Day Change
-$45.75 from $304.56
+27.40% 30 Day Change
$70.90 from $187.91
All Time High
March 7, 2024
$757.60 -66.00%
-$500.01 vs. now
24H Change
-422.64M USD -14.62%
-5,798 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
4.30M TAO
traded over past 24 hours
44.82% 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 $263.38, experiencing a significant 24-hour decline of 21.84%. The daily trading range has been volatile, with a high of $338.43 and a low of $253.33, reflecting an 85.1% fluctuation in price over the last day, which indicates increased market uncertainty.
The trading volume has reached 1.35 billion, accounting for 53.38% of its market cap, suggesting strong market participation despite the sharp price drop. Moving averages indicate a bearish trend, with the 8 and 13 SMAs showing slight declines of 1.32% and 1.13%, respectively, while the longer-term averages (21, 55, and 144 SMAs) indicate a more substantial bearish momentum ranging from -5.39% to -15.80%.
The Relative Strength Index (RSI) readings present a mixed picture; the 1-hour RSI at 49 suggests neutrality, while the 7-day RSI at 44 indicates the asset is approaching oversold conditions. Price changes over different time frames show a 7-day decline of 15.13% and a 14-day decline of 17.94%, countered by a strong 30-day increase of 31.39%, indicating short-term weakness against a longer-term bullish trend.
Given the technical indicators, particularly the moving averages and RSI, there is potential for further downside in the short term. However, the substantial 30-day price increase indicates some underlying strength, suggesting that long-term investors may find value at current levels.
In conclusion, the current market conditions suggest a cautious approach. The recommendation is to Hold TAO as the asset is poised for a potential rebound if it stabilizes above key support levels, but traders should remain vigilant given the recent volatility.
The trading volume has reached 1.35 billion, accounting for 53.38% of its market cap, suggesting strong market participation despite the sharp price drop. Moving averages indicate a bearish trend, with the 8 and 13 SMAs showing slight declines of 1.32% and 1.13%, respectively, while the longer-term averages (21, 55, and 144 SMAs) indicate a more substantial bearish momentum ranging from -5.39% to -15.80%.
The Relative Strength Index (RSI) readings present a mixed picture; the 1-hour RSI at 49 suggests neutrality, while the 7-day RSI at 44 indicates the asset is approaching oversold conditions. Price changes over different time frames show a 7-day decline of 15.13% and a 14-day decline of 17.94%, countered by a strong 30-day increase of 31.39%, indicating short-term weakness against a longer-term bullish trend.
Given the technical indicators, particularly the moving averages and RSI, there is potential for further downside in the short term. However, the substantial 30-day price increase indicates some underlying strength, suggesting that long-term investors may find value at current levels.
In conclusion, the current market conditions suggest a cautious approach. The recommendation is to Hold TAO as the asset is poised for a potential rebound if it stabilizes above key support levels, but traders should remain vigilant given the recent volatility.
Updated 123 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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