Bittensor TAO
Current Price
$244.48 -3.34%
$12.56 Daily Range (5.14%)
$240.49$253.05
$206.52M Daily Volume
2,746 BTC
Vol/MktCap: 8.80%
Market Performance
0.46% Relative BTC Volume
The total volume of Bittensor is $206.52M over the past 24 hours, compared to $44.78B total Bitcoin volume.
Hourly Moving Average
Price Performance
+1.04% 1 Hour Change
$244.48 from $241.97
-6.29% 7 Day Change
-$15.37 from $259.85
-18.51% 14 Day Change
-$45.26 from $289.74
-17.91% 30 Day Change
-$43.78 from $288.26
All Time High
March 7, 2024
$757.60 -67.70%
-$512.90 vs. now
24H Change
-82.97M USD -3.42%
-1,103 BTC
Volume and Supply
Total Supply: 21.00M TAO 
9.60M TAO AvailableRelative Supply Ratio
1.05 x BTC SupplyRelative Trade Volume
836.88K TAO
traded over past 24 hours
Conversion Tool
Bittensor AI Market Analysis
Volume over the past 24 hours stands at approximately 203.48 million, accounting for 8.79% of its market cap. The short-term moving averages indicate a bearish trend, with the 8 SMA at $245.79 down 1.79% and the 13 SMA at $247.17 down 2.34%, further reinforcing a downward momentum in price.
The Relative Strength Index (RSI) metrics suggest oversold conditions, with a 1-hour RSI at 26, indicating a potential short-term bounce. However, the 7-day RSI at 46 shows that TAO is approaching neutral territory, while longer-term trends reveal a decline of 8.41% over the last week and a more substantial drop of 20.40% over the last 14 days.
Despite the current price being significantly below its all-time high of $757.60, which occurred on March 7, 2024, the historical context suggests substantial upside potential if market conditions stabilize. However, the ongoing downtrends in both short- and mid-term price changes point to weakness, warranting caution for potential buyers.
In conclusion, given the combination of bearish indicators, low RSI, and the ongoing downtrend, a Hold rating is appropriate. Traders should await clearer bullish signals or a reversal in momentum before considering a Buy position, as the current market conditions suggest further downside risks.
Updated 183 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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