Bittensor TAO
Current Price
$273.56 +9.38%
$26.68 Daily Range (9.75%)
$248.02$274.70
$258.78M Daily Volume
3,297 BTC
Vol/MktCap: 9.86%
Market Performance
0.66% Relative BTC Volume
The total volume of Bittensor is $258.78M over the past 24 hours, compared to $39.26B total Bitcoin volume.
Hourly Moving Average
Price Performance
+0.84% 1 Hour Change
$273.56 from $271.28
+9.96% 7 Day Change
$27.26 from $246.30
+5.65% 14 Day Change
$15.46 from $258.10
-14.42% 30 Day Change
-$39.46 from $313.02
All Time High
March 7, 2024
$757.60 -63.91%
-$484.21 vs. now
24H Change
225.93M USD +9.42%
2,878 BTC
Volume and Supply
Total Supply: 21.00M TAO 
9.60M TAO AvailableRelative Supply Ratio
1.05 x BTC SupplyRelative Trade Volume
990.13K TAO
traded over past 24 hours
Conversion Tool
Bittensor AI Market Analysis
Trading volume stands at 253,269,294, equating to 9.64% of the market cap, which suggests robust market activity. The short-term moving averages indicate bullish momentum, with the 8 SMA at $266.79 showing a gain of 2.51% and the 21 SMA at $258.14 reflecting a 5.95% increase, confirming upward price pressure.
The 1-hour RSI is extremely high at 88, signaling overbought conditions, which may lead to a price correction in the near term. However, the 7-day RSI at 58 indicates that while the asset is gaining strength, it is not yet in overbought territory on a longer time frame.
Despite a robust 9.94% price increase over the past week, the 30-day price change of -15.30% highlights that the asset has struggled to maintain momentum recently. This contrasting performance raises concerns about sustainability, particularly as investors may be tempted to realize gains after the recent rally.
With the all-time high of $757.6 reached in March 2024, there remains significant upside potential, but the current overbought conditions necessitate caution. The combination of strong short-term performance, but mixed longer-term indicators, suggests that the market may face corrective pressure.
Considering the current metrics and market dynamics, a Hold rating is recommended. While there is potential for continued upward movement, the high RSI and recent volatility suggest it may be prudent for investors to wait for a more favorable entry point before increasing positions.
Updated 35 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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