Bittensor TAO
Current Price
$181.03 -6.14%
$11.82 Daily Range (6.53%)
$181.04$192.86
$134.28M Daily Volume
1,885 BTC
Vol/MktCap: 7.71%
Market Performance
0.14% Relative BTC Volume
The total volume of Bittensor is $134.28M over the past 24 hours, compared to $94.66B total Bitcoin volume.
Hourly Moving Average
8 SMA $186.98 -3.18%
13 SMA $187.47 -3.43%
21 SMA $188.91 -4.17%
55 SMA $193.16 -6.28%
144 SMA $198.25 -8.68%
Price Performance
-1.97% 1 Hour Change
$181.03 from $184.67
-20.57% 7 Day Change
-$37.24 from $218.27
-26.28% 14 Day Change
-$47.58 from $228.61
-34.11% 30 Day Change
-$61.76 from $242.79
All Time High
March 7, 2024
$757.60 -76.05%
-$576.18 vs. now
24H Change
-110.05M USD -5.95%
-1,545 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
718.27K TAO
traded over past 24 hours
7.48% 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 priced at $184.78, reflecting a notable 24-hour decline of 5.60%. The daily trading range has been significant at 14.15%, with a high of $196.02 and a low of $181.87, indicating increased volatility in the market.
Trading volume stands at approximately $130.7 million, with a volume-to-market cap ratio of 7.37%, suggesting a healthy level of trading activity. However, the downward price movement is corroborated by the 7-day and 14-day price changes of -19.22% and -25.01%, respectively, indicating bearish momentum over the short to medium term.
Technical indicators show that short-term moving averages (8 SMA at $186.98 and 13 SMA at $187.47) are trending downward, further validating the recent price weakness. The 55 SMA at $193.16 and 144 SMA at $198.25 are also declining, reflecting a broader downtrend and suggesting resistance levels that traders may encounter in the near future.
The current RSI levels, with a 1-hour RSI at 47 and a 7-day RSI at 44, indicate that TAO is approaching oversold conditions, yet it is not firmly in that territory. This could suggest a potential for a rebound if buying interest returns; however, the prevailing trend remains bearish.
Given the substantial price decrease over the past month (approximately 33.52%) and the resistance at higher moving averages, the outlook for TAO remains cautious. Unless significant bullish catalysts emerge, such as increased adoption or a change in market sentiment, the current trend does not favor immediate buying.
In conclusion, the analysis indicates a Sell rating for Bittensor (TAO) based on its current price action, downward momentum, and resistance levels. Traders should consider holding off on new positions until clearer signs of stabilization or a reversal pattern emerge.
Trading volume stands at approximately $130.7 million, with a volume-to-market cap ratio of 7.37%, suggesting a healthy level of trading activity. However, the downward price movement is corroborated by the 7-day and 14-day price changes of -19.22% and -25.01%, respectively, indicating bearish momentum over the short to medium term.
Technical indicators show that short-term moving averages (8 SMA at $186.98 and 13 SMA at $187.47) are trending downward, further validating the recent price weakness. The 55 SMA at $193.16 and 144 SMA at $198.25 are also declining, reflecting a broader downtrend and suggesting resistance levels that traders may encounter in the near future.
The current RSI levels, with a 1-hour RSI at 47 and a 7-day RSI at 44, indicate that TAO is approaching oversold conditions, yet it is not firmly in that territory. This could suggest a potential for a rebound if buying interest returns; however, the prevailing trend remains bearish.
Given the substantial price decrease over the past month (approximately 33.52%) and the resistance at higher moving averages, the outlook for TAO remains cautious. Unless significant bullish catalysts emerge, such as increased adoption or a change in market sentiment, the current trend does not favor immediate buying.
In conclusion, the analysis indicates a Sell rating for Bittensor (TAO) based on its current price action, downward momentum, and resistance levels. Traders should consider holding off on new positions until clearer signs of stabilization or a reversal pattern emerge.
Updated 193 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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