Bittensor TAO
Current Price
$311.82 -3.76%
$15.41 Daily Range (4.94%)
$308.59$324.00
$326.44M Daily Volume
4,798 BTC
Vol/MktCap: 10.91%
Market Performance
0.72% Relative BTC Volume
The total volume of Bittensor is $326.44M over the past 24 hours, compared to $45.11B total Bitcoin volume.
Hourly Moving Average
Price Performance
-0.17% 1 Hour Change
$311.82 from $312.34
+1.17% 7 Day Change
$3.64 from $308.18
+1.35% 14 Day Change
$4.21 from $307.61
+75.88% 30 Day Change
$236.62 from $75.20
All Time High
March 7, 2024
$757.60 -58.86%
-$445.92 vs. now
24H Change
-113.89M USD -3.67%
-1,674 BTC
Volume and Supply
Total Supply: 21.00M TAO 
9.60M TAO AvailableRelative Supply Ratio
1.05 x BTC SupplyRelative Trade Volume
1.03M TAO
traded over past 24 hours
Conversion Tool
Bittensor AI Market Analysis
Volume over the last 24 hours stands at 264,865,483, corresponding to a volume-to-market cap ratio of 8.81%. This relatively high volume indicates active trading, which could suggest both strong interest and potential liquidity issues if market sentiment shifts.
Analyzing the hourly moving averages, the 8 SMA is currently at $311.92 with a slight increase of 0.46%, while the 13 SMA has fallen to $314.20, down by 0.27%. The longer-term SMAs, including the 21 SMA at $317.57 and the 55 SMA at $309.40, are showing mixed signals, with the 55 SMA trending positively at +1.28%, reflecting a potential support level.
The 1-hour Relative Strength Index (RSI) is at 32, indicating the asset is in oversold territory, while the 7-day RSI at 50 suggests neutral momentum. Price changes over the last 7 days have been marginally positive at 1.44%, and the 14-day change is slightly higher at 1.09%, but the 30-day change shows a significant appreciation of 76.84%, highlighting a strong longer-term bullish trend.
Given that the all-time high was $757.60 achieved in March 2024, current prices represent a significant drawdown, suggesting potential for recovery. However, the current market conditions, reflected by a recent negative price change and low short-term RSI, indicate caution may be warranted.
Considering the technical indicators and the current market sentiment, I assign a Hold rating to Bittensor (TAO). This recommendation is based on the oversold short-term conditions and potential for recovery, balanced against recent price declines and mixed signals from moving averages.
Updated 228 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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