Bittensor (TAO) Price Prediction: TAO/USD Contrary to Past Week's Uptrend, Drops 4.71% to $276.78

Bittensor's TAO/USD price has decreased 4.71% over the past 24 hours to $276.78. This is contrary to the coins performance over the past week

Bittensor (TAO) price today is $276.78 with a 24-hour trading volume of $12,334,833. TAO price is up 4.71% in the past 24 hours. It has a circulating supply of 7.21 Million and a max supply of 21.00 Million. The TAO/USD price is up 33.0% in the past week.

The TAO price chart, powered by TradingView, shows the coin's price movement and volatility over the past 24 hours (left) and past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility is.

What Is Technical Analysis?

Technical analysis is a method of evaluating the price movements of a security to forecast its future direction. It is based on the assumption that past price movements can help predict future price trends.

Technical analysts use a variety of indicators and charting techniques to identify potential trading opportunities. Some of the most common technical indicators include moving averages, Bollinger Bands, and Fibonacci retracements.

Technical analysis is a valuable tool for traders, but it is important to remember that it is not an exact science. There is no guarantee that a technical analysis will be accurate, and traders should always use caution when making investment decisions.

The TAO price experienced an up-trend of 4.71% in the past 24 hours, moving from $269.8 to its current price of $276.78. This is contrary to the coins performance over the past week where it has experienced an up-trend of 33.0%, moving from $215.48 to its current price.

The trading volume for the coin has decreased 57.0% over the past week, while the overall circulating supply of the coin has increased 0.9% to over 7.21 million. This puts its current circulating supply at an estimated ۳۴.۳۴% of its max supply, which is 21.00 million. The current market cap ranking for TAO is #40 at $2.00 billion.

The above is the detailed content of Bittensor (TAO) Price Prediction: TAO/USD Contrary to Past Week's Uptrend, Drops 4.71% to $276.78. For more information, please follow other related articles on the PHP Chinese website!