Bitensor (TAO) price has risen significantly over the past 24 hours, driven by a strong bullish trend. Currently trading above $500, TAO has emerged as one of the biggest gainers in the market today. The cryptocurrency has grown by an impressive 40% over the past week and has attracted the attention of investors due to its rapid growth and increasing momentum.
Additionally, other cryptocurrency market There has been a slight uptick recently. While Bitcoin price has been able to sustain above its recent rally of over $110,000, Ethereum has stabilized at a price of around $3,800. Despite the slight recovery, the overall market continues to struggle, with many coins unable to maintain their upward momentum.
Here’s why TAO prices are soaring today
Bittensall (TAO) has seen a massive 22% rally over the past day due to a confluence of important events. Europe On October 31, 2025, Safello and Deutsche Digital Assets introduced the first staked TAO exchange-traded product (ETP) on the Swiss SIX exchange.
The product is called Safello Bittador Staked TAO ETP (STAO), and in addition to having regulated access to a decentralized AI network, it also has the added benefit of being able to stake rewards. The launch is seen as an important milestone, making TAO more accessible to European institutional investors and further increasing its legitimacy in the market.
To further improve the bullish mood, First half of TAO It’s getting even stronger. The halving, which is supposed to occur in early December 2025, will reduce daily TAO emissions by 50% and squeeze the token supply.
The halving is expected to create further demand among market participants. These favorable trends have already pushed TAO to multi-month high levels and have also revived investor interest in the AI token market.
Analysts say 40%, bullish move ahead
Recently, a cryptocurrency analyst posted an impressive update on X, which reportedly proves the TAO market is profitable. The post states that the asset has already realized a 40% return. As the chart provided with this update shows, while the token appears to be breaking out of a downtrend, there is a significant uptrend that could lead to additional gains.
Further analyst posts made on October 28th indicate more optimism about TAO’s future, and the price is likely to rise even more significantly.
$TAO +40% profit so far..🔥📈 pic.twitter.com/gBdECmLRne
— Captain Faibik🐺 (@CryptoFaibik) November 1, 2025
How high can Bitensor price rise in November?
Latest TAO price As of November 1, 2025, it remains at $529. The Relative Strength Index (RSI) is 75, meaning TAO is in overbought territory and could signal a potential pullback if buying pressure eases.
Future goals Bitensor price outlook If the bullish trend continues, it could include the $600 level. A return to the $500 support area is also possible in the short term. Traders should remain vigilant for signs of weakening momentum.
On the other hand, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, which could lead to further gains in the future, as the MACD line crosses the signal, and the gap between them widens further, indicating a solid buy.