TAO Price Performance and Relative Strength

Bittensor TAO

Current Price

$251.83 -3.37%

$15.55 Daily Range (6.17%)

$247.02$262.57

$319.29M Daily Volume

4,246 BTC

Vol/MktCap: 13.21%

Oversold

HTF: 39 (Support Zone)

Market Performance

-7.34% 0.0033 BTC

-9.28% 0.1066 ETH

-3.39% 251.83 USDT

-6.10% 0.4066 BNB

-5.50% 183.82 XRP

0.49% Relative BTC Volume

The total volume of Bittensor is $319.29M over the past 24 hours, compared to $64.73B total Bitcoin volume.

Hourly Moving Average

8 SMA $252.72 -0.35%

13 SMA $254.33 -0.98%

21 SMA $255.23 -1.33%

55 SMA $258.93 -2.74%

144 SMA $276.84 -9.03%

+0.71% 1 Hour Change

$251.83 from $250.05

-18.61% 7 Day Change

-$46.86 from $298.69

-16.79% 14 Day Change

-$42.28 from $294.11

-4.64% 30 Day Change

-$11.69 from $263.52

March 7, 2024

$757.60 -66.72%

-$505.50 vs. now

$2.42B Market Cap

32,150 BTC

24H Change

-81.63M USD -3.27%

-1,085 BTC

Total Supply: 21.00M TAO

9.60M TAO Available

45.70% 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 Supply

1:1 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

1.25M TAO traded over past 24 hours

13.06% 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.

Markets and Insights

Web Search

Conversion Tool

Bittensor AI Market Analysis

Bittensor (TAO) is currently trading at $253.19, reflecting a 24-hour change of -2.34%. The daily range has been volatile, with a high of $263.69 and a low of $251.72, indicating a significant price fluctuation of 11.97%.

The trading volume stands at 276,570,064, contributing to a market cap volume ratio of 11.38%. The short-term moving averages are all trending downward, with the 8 SMA at $257.06, indicating a bearish sentiment as they fall below the current price, highlighting resistance levels.

The Relative Strength Index (RSI) for the last hour is at 46, suggesting a neutral position, while the 7-day RSI at 38 indicates an oversold condition. This aligns with the 7-day price change of -18.50%, which reinforces the bearish trend observed over the past week.

Comparatively, the 14-day price change of -17.87% and the 30-day price change of -1.21% suggest a sustained decline, indicating that selling pressure has been persistent. The all-time high of $757.60 reached in March 2024 is far above the current price, emphasizing a significant correction from prior peaks.

Based on the technical indicators, the price action, and the RSI readings, the market sentiment appears bearish in the short to medium term. Therefore, the recommendation is to Hold TAO, as the current oversold conditions may present a potential for recovery if bullish momentum develops in the coming days.

Updated 396 minutes ago.