Bittensor TAO
Current Price
$219.23 -4.64%
$12.66 Daily Range (5.77%)
$217.75$230.41
$71.04M Daily Volume
815 BTC
Vol/MktCap: 3.38%
Market Performance
0.17% Relative BTC Volume
The total volume of Bittensor is $71.04M over the past 24 hours, compared to $42.90B total Bitcoin volume.
Hourly Moving Average
Price Performance
+0.31% 1 Hour Change
$219.23 from $218.55
-0.98% 7 Day Change
-$2.16 from $221.39
-17.83% 14 Day Change
-$39.10 from $258.33
-25.61% 30 Day Change
-$56.14 from $275.37
All Time High
March 7, 2024
$757.60 -71.21%
-$539.47 vs. now
24H Change
-103.44M USD -4.68%
-1,187 BTC
Volume and Supply
Total Supply: 21.00M TAO 
9.60M TAO AvailableRelative Supply Ratio
1.05 x BTC SupplyRelative Trade Volume
317.05K TAO
traded over past 24 hours
Conversion Tool
Bittensor AI Market Analysis
Volume stands at approximately $68.35 million, with a volume-to-market cap ratio of 3.25%, suggesting relatively healthy trading activity. The technical indicators show that the hourly moving averages are all trending downward, with the 8 SMA at $219.80 and the 21 SMA at $223.12, indicating short-term selling pressure.
The 1-hour RSI is at 32, signaling that TAO is approaching oversold territory, while the 7-day RSI at 53 shows a neutral momentum. However, the longer-term indicators, with a 14-day price change of -17.97% and a 30-day price change of -25.73%, suggest a sustained downtrend over the last month.
Given the current price is significantly lower than the all-time high of $757.60, it reflects the asset's potential for recovery, yet the recent downward trend and current volatility raise concerns. Overall, while short-term indicators show potential for a rebound, the prevailing bearish sentiment and sustained price declines imply caution is warranted.
In conclusion, the recommendation for Bittensor (TAO) is a Hold. While the asset may be nearing oversold conditions, the lack of strong bullish signals and persistent downward momentum necessitate a wait-and-see approach before considering any new positions.
Updated 28 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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