Solana Eyes 15% Rally as Whale Activity Signals Bullish Momentum

SOL shows renewed bullish momentum as a large whale accumulates, with price near $140 and resistance near $145–$146.

2026-01-10

Amid the uncertainty, crypto whales’ interest in Solana (SOL) has returned, with millions of dollars’ worth of buy positions being recorded for the altcoin recently. On 9 January, prominent whale tracker Onchain Lens shared a post on X revealing that a crypto whale recently deposited $8.09 million and placed a buy order for SOL within the price range of $133.88 to $135. This massive buy order is indicative of the whale’s continued interest in SOL, despite the price moving sideways.

At press time, SOL was trading at $140, up 2.48% over the last 24 hours. Meanwhile, market participation also hinted at strong interest in the asset, with trading volume jumping by 25% to $5.05 billion.

A look at the derivatives data from Coinglass revealed that both investors and traders have a bullish outlook right now. Especially since they have been accumulating positions and betting on the long side lately. According to the SOL spot inflow-outflow metric, over the last 24 hours, exchanges posted net outflows of $1.30 million, a sign of potential accumulation.

The data shows that at the $136 level, traders built $111.52 million worth of long-leveraged positions. The $141.4 level represents another over-leveraged level, with $84.59 million worth of short-leveraged positions. These activities appear to be reinforcing SOL’s bullish outlook.

According to AMBCrypto’s technical analysis, SOL might be facing a hurdle at the key level of $145.85 on the daily charts. Since November 2025, SOL’s price has tested this level more than six times. If SOL successfully breaks this key hurdle and closes a daily candle above the $146 level, there is a strong possibility that it could jump by 15% and hit the $168 level in the coming days. However, if it fails to breach this level, history may repeat itself, and the price could see a reversal.

At press time, the Average Directional Index (ADX) stood at 27.36, slightly above the key threshold of 25. The 50-day Exponential Moving Average (EMA) suggested that SOL will remain on an uptrend over the shorter time frame.