TAO Price Performance and Relative Strength

Bittensor TAO

Current Price

$255.88 +4.28%

$10.40 Daily Range (4.06%)

$245.37$255.77

$121.61M Daily Volume

1,535 BTC

Vol/MktCap: 4.95%

Overbought

HTF: 53 (Neutral)

Market Performance

+1.88% 0.0032 BTC

+0.44% 0.1067 ETH

+4.28% 255.88 USDT

+2.38% 176.47 XRP

+2.46% 0.4001 BNB

0.44% Relative BTC Volume

The total volume of Bittensor is $121.61M over the past 24 hours, compared to $27.81B total Bitcoin volume.

Hourly Moving Average

8 SMA $250.21 +2.27%

13 SMA $249.09 +2.72%

21 SMA $248.27 +3.06%

55 SMA $248.72 +2.88%

144 SMA $247.00 +3.60%

+1.65% 1 Hour Change

$255.88 from $251.74

+5.48% 7 Day Change

$14.02 from $241.86

-1.61% 14 Day Change

-$4.11 from $259.99

-18.10% 30 Day Change

-$46.32 from $302.20

March 7, 2024

$757.60 -66.26%

-$501.95 vs. now

$2.46B Market Cap

30,993 BTC

24H Change

101.03M USD +4.29%

1,275 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

485.33K TAO traded over past 24 hours

5.06% 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 priced at $252.32, reflecting a modest 24-hour change of 2.25%. The daily range shows volatility with a high of $252.2 and a low of $245.29, indicating a 6.91% price fluctuation over the past day.

The trading volume stands at 111,441,648 TAO, representing 4.60% of the market cap, which suggests strong investor interest. Hourly moving averages indicate bullish momentum, with all significant SMAs trending positively: the 8 SMA at $250.21 (+0.84%) and the 55 SMA at $248.72 (+1.45%).

The 1-hour RSI at 69 signals that TAO is approaching overbought territory, while the 7-day RSI at 52 suggests a neutral stance in the short term. Recent price changes show a 5.30% increase over the last week, but a decline of 3.18% over the last 14 days and a significant 19.74% drop over the last 30 days raises concerns about longer-term momentum.

Despite the upward trend in the short term, the significant drop over the past month and the high RSI suggest caution. The all-time high of $757.6 is a potential resistance level to monitor, but current momentum appears insufficient to approach that level soon.

Given the current technical indicators and recent price action, a "Hold" rating is warranted. This reflects the positive short-term momentum but acknowledges potential resistance and longer-term bearish trends that could limit gains.

Updated 213 minutes ago.