Bittensor TAO
Current Price
$247.45 -1.66%
$6.97 Daily Range (2.82%)
$245.29$252.26
$109.94M Daily Volume
1,409 BTC
Vol/MktCap: 4.63%
Market Performance
0.64% Relative BTC Volume
The total volume of Bittensor is $109.94M over the past 24 hours, compared to $17.27B total Bitcoin volume.
Hourly Moving Average
8 SMA $246.71 +0.30%
13 SMA $246.65 +0.32%
21 SMA $248.12 -0.27%
55 SMA $248.55 -0.44%
144 SMA $246.55 +0.36%
Price Performance
-0.03% 1 Hour Change
$247.45 from $247.53
+1.08% 7 Day Change
$2.66 from $244.79
-7.12% 14 Day Change
-$17.62 from $265.07
-24.37% 30 Day Change
-$60.31 from $307.76
All Time High
March 7, 2024
$757.60 -67.34%
-$510.16 vs. now
24H Change
-39.84M USD -1.65%
-511 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
441.94K TAO
traded over past 24 hours
4.60% 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 $246.47, reflecting a 24-hour decline of 1.80%. The daily trading range of 6.97% indicates volatility, with a high of $252.26 and a low of $245.29 within the same period, suggesting potential for short-term trading opportunities.
The trading volume stands at 110,402,520, with a volume-to-market cap ratio of 4.66%, which highlights a moderate level of market participation. The short-term moving averages show a slight bearish trend, with the 8 SMA at $246.71 down 0.10% and the 21 SMA at $248.12 down 0.67%, indicating a potential short-term resistance level near the $248 mark.
The 1-hour RSI is at 43, suggesting that TAO is approaching oversold territory, while the 7-day RSI of 51 reflects neutral momentum. However, the negative price changes over the 14-day and 30-day periods, at -5.84% and -26.40% respectively, highlight a longer-term bearish sentiment that cannot be overlooked.
Given that TAO's all-time high was $757.60 in March 2024, the current price indicates a significant retracement, and the market appears to be consolidating. The prevailing bearish trends in both short-term and long-term price movements suggest caution for new investors, despite the potential for rebounds in the oversold region indicated by the RSI.
Based on the current analysis, a Hold rating is recommended. While short-term trading opportunities may exist, the overall bearish trend and the lack of positive momentum suggest that investors should wait for clearer signals of recovery before committing further capital.
The trading volume stands at 110,402,520, with a volume-to-market cap ratio of 4.66%, which highlights a moderate level of market participation. The short-term moving averages show a slight bearish trend, with the 8 SMA at $246.71 down 0.10% and the 21 SMA at $248.12 down 0.67%, indicating a potential short-term resistance level near the $248 mark.
The 1-hour RSI is at 43, suggesting that TAO is approaching oversold territory, while the 7-day RSI of 51 reflects neutral momentum. However, the negative price changes over the 14-day and 30-day periods, at -5.84% and -26.40% respectively, highlight a longer-term bearish sentiment that cannot be overlooked.
Given that TAO's all-time high was $757.60 in March 2024, the current price indicates a significant retracement, and the market appears to be consolidating. The prevailing bearish trends in both short-term and long-term price movements suggest caution for new investors, despite the potential for rebounds in the oversold region indicated by the RSI.
Based on the current analysis, a Hold rating is recommended. While short-term trading opportunities may exist, the overall bearish trend and the lack of positive momentum suggest that investors should wait for clearer signals of recovery before committing further capital.
Updated 108 minutes ago.
Bittensor Relative Price at Market Cap of:
Bittensor TradingView Chart
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