Solana’s Recent Developments

Regulatory and Institutional Support

WisdomTree, a global asset manager with a $152 billion AUM, has announced the addition of Solana support for its regulated tokenized funds through WisdomTree Connect and WisdomTree Prime. The expansion enables both retail and institutional investors to access tokenized assets directly on the Solana blockchain. The announcement was reported by multiple outlets (Crypto‑Panic, InsideBitcoins, Cryptopolitan, Cryptobriefing) on 29 January 2026.

Price Action and Technical Indicators

  • 24‑hour Price Increase: Solana’s price rose by approximately 2 % to trade around $125.12 at 08:57 UTC on 29 January 2026.
  • Recent Downturn: Earlier on 27 January, Solana fell below the $123 support level, prompting concerns about a possible downward trend.
  • Death Cross: On 28 January, the 50‑period moving average crossed below the 200‑period moving average on the 3‑hour chart, a bearish signal noted by zycrypto.
  • Double‑Bottom Formation: CoinGape highlighted a double‑bottom pattern on 28 January, suggesting a potential rebound.
  • RSI and MACD: A January 29 technical analysis from bitcoin2go reported an RSI around 40 (neutral) but a bearish MACD cross, indicating continued downward pressure.

Market Context

  • Market Capitalization: Solana’s market cap stands at $69.85 billion.
  • 52‑Week Range: The asset’s 52‑week high is $253.21 (17 September 2025) and the low is $96.59 (6 April 2025).
  • Trading Volume: Silver achieved over $1 billion in volume on Hyperliquid, surpassing Solana and XRP (coingape, 27 January 2026), indicating relative trading activity levels.

Ecosystem Developments

  • Jupiter DEX Integration: Coinbase announced the integration of Jupiter, a Solana‑based DEX aggregator, enhancing on‑chain trading options for its users (cryptopanic, 29 January 2026).
  • Mutuum Finance Interest: Early 2026 saw investors turning to Mutuum Finance (MUTM) following the launch of its V1 protocol on Solana’s testnet (cryptopolitan, 28 January 2026).

Summary

The combination of institutional entry via WisdomTree, technical indicators signalling a possible reversal, and ongoing ecosystem activity positions Solana at a pivotal point. Investors and analysts will monitor the interaction between the new tokenized fund offerings, on‑chain trading integrations, and price dynamics as the market processes these developments.