Key Insights:
- TAO shows steady recovery near $444, supported by strong accumulation and renewed investor confidence amid broader market weakness.
- Technical indicators reveal bullish momentum, with RSI and MACD suggesting a potential move toward the $480-$500 range.
- Safello’s staked TAO ETP launch signals institutional confidence, providing regulated exposure and staking rewards for investors.
Bittensor’s TAO token is trading around $444, showing notable resilience despite the broader market slowdown. The token continues its steady recovery after a consolidation phase, demonstrating renewed investor confidence. The price is approaching the critical resistance zone between $445 and $500, a level closely watched by traders for a potential breakout.
Market data shared by analyst James Bull revealed that TAO traded between $410.50 and $455.49 over the past 24 hours, with a trading volume of about $28.45 million. The recent activity reflects growing market participation and steady accumulation around key support zones. Historically, TAO ranged between $200 and $700 last year before correcting to $300-$320, forming a strong base for the current recovery.
Technical Indicators Signal Sustained Momentum
Technical indicators point to strengthening bullish sentiment. On Binance, TAO shows moderate daily volatility, with consistent higher lows and higher highs. The Relative Strength Index stands at 62.98, indicating increasing momentum while staying below overbought levels. The MACD line crossing above its signal line, with a positive histogram of 2.9, supports a near-term move toward $480-$500 if buying pressure continues.
Short-term support remains firm between $400 and $420, a zone that has repeatedly attracted buyers. Resistance is forming between $455 and $460, marking a decisive point for the next upward movement. Sustained momentum above $460 could drive gains toward $600, while any pullback may find support near $400.
Safello Introduces Staked TAO ETP
In a significant market development, Safello, in collaboration with Deutsche Digital Assets, has launched a staked TAO Exchange Traded Product (ETP). Trading under the ticker STAO on the SIX Swiss Exchange, the product offers investors exposure to TAO’s price movement and staking rewards through secure, custodied holdings. The ETP follows the Kaiko Safello Staked Bittensor Index and targets both institutional and retail investors seeking regulated crypto exposure.
The introduction of the Safello Staked TAO ETP is seen as a step toward deeper institutional involvement in the Bittensor ecosystem. By combining staking benefits with compliant custody solutions, the product enhances confidence in TAO’s long-term stability and accessibility.
