Bittensor surges thanks to the launch of TAO ETP – Can the price conquer the $400 mark?

TAO price has been continuously climbing over the past few days, and this upward momentum still appears to be going strong.

The catalyst comes from Safello listing the TAO ETP on the Swiss SIX Exchange just five days ago—a move that quickly spurred a surge in liquidity and attracted broader market participation.

Since the listing, Bittensor (TAO)’s monthly trading volume has increased by 31%, reaching the $10 billion mark, reflecting growing confidence from both retail and institutional investors.

NguSource: Token Terminal## TAO challenges the supply zone $305

Buying pressure has continued to rise over the past 24 hours, reinforcing the uptrend on the daily chart. Currently, TAO is approaching a key supply zone around $305 after a 7% gain on the day.

This price area has previously sparked multiple reversals, but the recent rally shows that the bulls are pushing TAO toward a potential breakout. Price action around this level will shape TAO’s next move, and strong trading volume signals that buyers remain in control with no signs of retreat.

TAO’s short-term structure will continue to favor the bulls as long as the price holds above nearby support levels, paving the way for further rallies.

NguSource: TradingViewBut that’s not all—the stochastic RSI indicator for TAO has just bounced from the oversold zone, indicating fresh buying inflows as bullish speculators anticipate the uptrend to continue.

If this momentum is maintained, TAO is well-positioned to conquer the $305 mark. And if buying pressure is strong enough, another push could see the price challenge the critical resistance zone around $400.

Does TAO have enough strength to break out?

Although most indicators are trending bullish, Bittensor’s price still needs a decisive breakout above the current supply zone to confirm the next leg up. If it fails to break past $305, the market may enter a short-term accumulation phase, even as rising trading volume suggests active buying interest.

A notable liquidity cluster worth $1.3 million around $400 is shaping up as the next key resistance area. A price move toward this liquidity cluster could be the “trigger” needed for new rallies.

NguSource: CoinGlassCurrently, increased interest from institutions via the new ETP and positive momentum indicators suggest TAO investors are in a preparation phase, waiting for the right moment to make their strategic move. Whether the token breaks through the $305 supply zone or pauses for a retest will shape the path toward the $400 resistance level.

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