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Bittensor (TAO) price is nearing a crucial price level. Technical indicators suggest a potential upward move. Analyst Rekt Capital predicts a rally toward $678.13.
The token is currently trading below $430 and testing resistance at $449.36. It’s a level that could decide whether TAO enters a macro range expansion or faces further consolidation.
Safello, a top Nordic crypto exchange, is making a bold move. It plans to launch the first physically backed TAO ETP. This product will debut on Switzerland’s SIX Swiss Exchange.
Technical structure points to macro range expansion
Bittensor (TAO) Price has been trading within a wedging structure. The recent price action deviated into a green historical demand region before recovering toward the upper boundary of the wedge.
The deviation retested the demand zone. It helped the price regain strength at the base of the wedge. Multiple retesting events occurred within this zone on the daily timeframe, causing the price to fluctuate across the entire channel.
A weekly close above the top of the wedge followed. This initiated a post-breakout retest sequence that has held successfully so far.
The retest allowed Bittensor (TAO) Price to reach resistance at $449.36. There, short-term consolidation may be forming a minor bull flag pattern.
The key objective for TAO now is to reclaim $449.36 as new support. Historical weekly or daily closes above that level have preceded rallies across the wider 50% macro range.
A confirmed weekly close is crucial for the Bittensor (TAO) Price. A successful post-breakout retest of the range low could follow. This may set the stage for a move toward the range high near $678.13.
Safello launches first TAO ETP on the Swiss exchange
On October 29, 2025, Safello made a significant announcement. It will issue a physically backed, staked TAO Exchange-Traded Product. The launch is in partnership with Deutsche Digital Assets, a top European crypto asset manager.
The product is called Safello Bittensor Staked TAO ETP. DDA ETP AG issues it under a partnership formed earlier this year with Safello
Safello will list the product on the SIX Swiss Exchange under the ticker symbol STAO on November 19. The issuer sets the management fee at 1.49%. They back the ETP with TAO tokens held in cold storage. A regulated crypto custodian safeguards the assets.
The product tracks the Kaiko Safello Staked Bittensor Index (KSSTAO Index). It offers exposure to TAO in a regulated format. Retail investors can access it easily. Institutional investors can also benefit from its structured design.
A halving event could catalyze a parabolic move
Analyst IBCIG noted that 43 days remain until the first TAO halving event. The analyst drew parallels to Bitcoin‘s 2012 setup. At that time, the BTC remained flat. It remained relatively unnoticed during a long accumulation phase before experiencing a parabolic rise immediately after the halving event.
IBCIG stated that the last two years have been a prolonged accumulation phase for the Bittensor (TAO) Price. Bittensor positions itself as “programmable intelligence.” This mirrors Bitcoin’s early role as “programmable money,” making the comparison significant.
IBCIG sees TAO as the core of decentralized AI. They believe its potential mirrors past crypto cycles. If history repeats itself, the significant price move could begin after the halving.
The halving mechanism reduces the rate of new TAO token issuance. This creates a supply shock if demand remains constant or increases.
Bittensor (TAO) price performance data shows recent strength
The recent performance of Bittensor (TAO) price shows strong momentum across shorter timeframes. The 10.5% seven-day increase shows upward momentum.
The most impressive performance is observed from a 30-day perspective, with the Bittensor TAO Price up 41.0%. TAO has dropped 16.6% over the past year. Despite recent gains, it still trades below its levels from last year.
The current price action near $430 places TAO approximately 5% below the $449.36 resistance level. Breaking above this level and converting it to support would help in the path toward the $678.13 target.
