Bittensor price rises above $260, boosted by Nvidia stake and ETF filings, signaling strong recovery potential.

Bittensor (TAO) price climbed to around $263, up 5.7% in 24 hours, breaking above key support at $236 and showing signs of a bullish trend. Momentum indicators like MACD have turned positive, while institutional interest grows with Nvidia's $420M stake and ETF filings by Grayscale and Bitwise. Over 70% of TAO supply is locked in staking, reducing liquid supply and supporting price gains. If momentum continues, TAO could target resistance levels at $294 and $340, though support remains at $236 and $200. These developments suggest renewed investor confidence and potential for further price appreciation.