TAO ETP Launch Fuels Bittensor Rally, Eyes $400 Breakout

The Bittensor (TAO) token has experienced a significant surge in price and trading activity following the debut of a TAO Exchange Traded Product (ETP) on the SIX Swiss Exchange, launched by Safello. This development has drawn renewed market attention, with monthly trading volume jumping 31% to $10 billion, indicating heightened participation from both retail and institutional investors.

TAO's price pressed against a key supply zone at $305 after a 7% daily surge, challenging a level that has previously triggered reversals. Technical indicators, such as the stochastic RSI bouncing from oversold regions, signal renewed buying pressure and bullish momentum. If the token breaches this resistance, the next target is a $1.3 million liquidity cluster around $400, which could catalyze further gains.

The ETP listing has provided a structured entry point, contributing to increased liquidity and confidence in TAO's short-term prospects. Market participants are closely monitoring whether the token can sustain its upward trajectory, as the outcome will shape its path toward the $400 resistance level.