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Can SOL break past $130 as WisdomTree expands tokenised funds to Solana?

  • WisdomTree’s tokenised funds strengthen Solana’s institutional adoption narrative.
  • SOL faces key resistance at $130 after forming support near $117.
  • Rising on-chain activity boosts usage despite ongoing meme coin risks.

SOL is currently trading around the mid-$120 range, having recently struggled to reclaim the psychologically important $130 level.

Despite short-term weakness, broader developments within the Solana ecosystem suggest growing structural support beneath the price.

At the centre of this renewed narrative is WisdomTree’s decision to expand its tokenised fund offerings onto the Solana blockchain.

This move places Solana firmly within the accelerating real-world asset tokenisation trend led by traditional financial institutions.

WisdomTree’s expansion of its tokenised funds to Solana

WisdomTree manages more than $150 billion in assets, making its presence on Solana a significant validation signal.

By enabling tokenised money market, equity, fixed income, and allocation funds on Solana, WisdomTree is deepening institutional use cases for the network.

The integration allows both institutional and retail participants to mint, trade, and hold regulated tokenised funds natively on-chain.

Solana’s fast settlement speeds and low transaction costs appear to be key reasons behind WisdomTree’s expansion choice.

This development strengthens Solana’s positioning as a blockchain capable of supporting regulated financial products at scale.

Institutional adoption often acts as a slow-burning catalyst rather than an immediate price trigger.

However, it can materially alter long-term demand dynamics for SOL as the network utility expands.

Technical structure and speculative activity shape short-term outlook

At the same time, market participants are watching SOL’s technical structure closely.

Recent price action has shown signs of a potential double-bottom formation around the $117 area.

This pattern is often interpreted as a stabilisation phase following extended downside pressure.

If SOL can maintain support above this region, technical traders see room for a move toward higher resistance zones.

The $130 level represents a critical short-term barrier that has capped upside momentum.

A clean break above $130 could shift market sentiment decisively toward a bullish continuation.

Beyond technicals, on-chain activity across Solana continues to show mixed but notable signals.

Meme token activity on Solana has experienced a surprising revival after months of reduced engagement.

Platforms like Pump.fun have driven a surge in new token creation, approaching an eleven-month high.

Hundreds of thousands of addresses have re-engaged with Solana’s meme economy in recent weeks.

This activity has translated into rising decentralised exchange volumes and fee generation.

While much of this participation is short-term and speculative, it still contributes to network usage.

Higher transaction counts and fee flows indirectly reinforce SOL’s role as the network’s economic backbone.

However, the meme token sector has also highlighted ongoing risks within Solana’s ecosystem.

The rapid collapse of the LICK memecoin underscored persistent issues around insider concentration and token launch practices.

Events like this can weigh on sentiment, particularly among more risk-averse investors.

Nevertheless, speculative excess has historically coexisted with meaningful innovation during growth phases.

The post Can SOL break past $130 as WisdomTree expands tokenised funds to Solana? appeared first on CoinJournal.

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TAO price gains 5% as AI crypto segment posts broad rally

  • Bittensor (TAO) price gained 5% to intraday highs of $241.
  • TAO rose as AI tokens rallied, with Render and Virtuals Protocol also up.
  • Bulls target a breakout, with $240 as support amid potential macroeconomic tailwinds.

Bittensor’s TAO token was showing strong bullish momentum as the artificial intelligence-linked cryptocurrency segment recorded notable gains.

TAO ranked among the top performers over the past 24 hours, with traders eyeing a potential breakout above the $240 level.

Beyond the broader AI narrative, improving market sentiment ahead of key macroeconomic events and earnings releases has helped drive renewed interest in the decentralised AI token.

Bittensor price touches $240

Bitcoin’s move to above $90,000 on Wednesday, and Ethereum’s uptick to $3,000 headlined crypto stories in early trading sessions on January 28.

An anticipated Federal Reserve decision and Big Tech earnings, which highlight this week’s events, helped put risk assets back into an upward trajectory.

As the top coins heave at resistance levels, Bittensor and other AI tokens rallied.

TAO price jumped 5% as derivatives signalled retail interest, with trading volumes spiking alongside heightened open interest in futures markets.

Having retested the $240 level and briefly touched $241, bulls are likely to regroup and power to new intraday highs.

Macroeconomic tailwinds could catapult TAO higher.

TAO gains as AI tokens rally

Bittensor was not the only AI-linked token to post gains on the day.

Rallies in Render, Virtuals Protocol and the Artificial Superintelligence Alliance placed all three among the top gainers within the top 100 cryptocurrencies by market capitalisation.

RENDER, VIRTUAL, and FET rose between 5% and 9% over the past 24 hours, while smaller tokens such as Oasis, AI Companion and Kite recorded sharper advances.

The broad-based move higher points to a renewed upswing in the AI crypto segment, underscoring the strength of the sector’s narrative, with Bittensor continuing to stand out through its subnet-based ecosystem.

Improving sentiment across the category suggests potential accumulation, with large holders showing interest as asset managers roll out investment products that provide exposure to AI-focused digital assets.

Bittensor price forecast

Bittensor’s architecture incentivises AI model contributions via competitive subnets, which is driving adoption and value accrual.

Technical patterns signal a potential bullish breakout, with support targets above $240 likely if bulls dominate on strong volume.

Bittensor TAO Price Chart
TAO price chart by TradingView

On the 4-hour chart, Bittensor sports positive momentum indicators, including RSI recovery and MACD.

The latter paints a bullish crossover pattern, suggesting taking out bears above $240 might be pivotal for buyers.

On the flip side, support lies around the $235-$230 area. Bulls will be eyeing the artificial intelligence narrative and the Fed.

The post TAO price gains 5% as AI crypto segment posts broad rally appeared first on CoinJournal.