Bittensor TAO
Current Price
$241.57 -3.30%
$18.95 Daily Range (7.84%)
$237.67$256.62
$106.05M Daily Volume
1,171 BTC
Vol/MktCap: 4.57%
Market Performance
0.24% Relative BTC Volume
The total volume of Bittensor is $106.05M over the past 24 hours, compared to $43.63B total Bitcoin volume.
Hourly Moving Average
8 SMA $244.97 -1.39%
13 SMA $247.48 -2.39%
21 SMA $249.50 -3.18%
55 SMA $257.99 -6.37%
144 SMA $271.78 -11.11%
Price Performance
-0.22% 1 Hour Change
$241.57 from $242.10
-15.87% 7 Day Change
-$38.34 from $279.91
-17.49% 14 Day Change
-$42.26 from $283.83
+11.34% 30 Day Change
$27.40 from $214.17
All Time High
March 7, 2024
$757.60 -68.10%
-$515.92 vs. now
24H Change
-80.21M USD -3.34%
-886 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
429.10K TAO
traded over past 24 hours
4.47% 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 $244.9, reflecting a 24-hour decline of 1.45%. The daily trading range has been notable at 12.2%, with a high of $256.62 and a low of $244.42, indicating significant volatility.
Volume for the last 24 hours stands at approximately $93.7 million, contributing to a relatively low Vol/Market Cap ratio of 3.99%. The hourly moving averages are showing negative momentum, with the 8 SMA at $251.06 (down 2.45%) and the 13 SMA at $252.27 (down 2.92%), suggesting bearish pressure in the short term.
The 1-hour Relative Strength Index (RSI) is at 40, indicating that the asset is nearing oversold conditions, but is not yet in the buy zone. The 7-day RSI at 37 confirms ongoing weakness, further supported by a 14-day price change of -11.89% and a 7-day change of -14.14%, highlighting a bearish trend in the short to medium term.
In the longer term, TAO has shown some resilience, with a 30-day price change of 9.66%, which may attract buyers looking for a dip opportunity. However, the price remains significantly below its all-time high of $757.6 reached in March 2024, suggesting substantial room for recovery but also a considerable risk.
Given the current technical indicators and bearish sentiment, I recommend a Hold rating for Bittensor (TAO). While the asset shows potential for recovery in the longer term, immediate price action and momentum indicate a cautious approach is prudent until there are signs of stabilization or reversal.
Volume for the last 24 hours stands at approximately $93.7 million, contributing to a relatively low Vol/Market Cap ratio of 3.99%. The hourly moving averages are showing negative momentum, with the 8 SMA at $251.06 (down 2.45%) and the 13 SMA at $252.27 (down 2.92%), suggesting bearish pressure in the short term.
The 1-hour Relative Strength Index (RSI) is at 40, indicating that the asset is nearing oversold conditions, but is not yet in the buy zone. The 7-day RSI at 37 confirms ongoing weakness, further supported by a 14-day price change of -11.89% and a 7-day change of -14.14%, highlighting a bearish trend in the short to medium term.
In the longer term, TAO has shown some resilience, with a 30-day price change of 9.66%, which may attract buyers looking for a dip opportunity. However, the price remains significantly below its all-time high of $757.6 reached in March 2024, suggesting substantial room for recovery but also a considerable risk.
Given the current technical indicators and bearish sentiment, I recommend a Hold rating for Bittensor (TAO). While the asset shows potential for recovery in the longer term, immediate price action and momentum indicate a cautious approach is prudent until there are signs of stabilization or reversal.
Updated 449 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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