Amid the uncertainty, it appears that crypto whale interest in Solana (SOL) has returned, with millions of dollars in buy positions recorded recently for the altcoin.
On January 9, prominent whale tracker Onchain Lens shared an article on
This massive buy order is indicative of the whale’s continued interest in SOL, despite the price moving sideways. At press time, SOL price was trading at $140, up 2.48% in the last 24 hours.
At the same time, market participation also suggested strong interest in the asset, with trading volume jumping 25% to $5.05 billion.
Solana (SOL) Investors and Traders Turn Bullish
An increase in trading volume alongside price action usually means that traders and investors are showing keen interest in the prevailing trend.
A review of Coinglass derivatives data revealed that investors and traders currently have a bullish outlook. Especially since they are accumulating positions and betting on the long side lately.
According to the SOL spot inflow/outflow metric, over the past 24 hours, exchanges saw net outflows of $1.30 million – a sign of potential accumulation.
Source: Coinglass
At the same time, traders appeared overleveraged at the $136 level on the downside, where they built $111.52 million worth of long leveraged positions.
Here it is worth noting that the $141.4 level represents another level of debt overhang. This is a level where relatively lower interest was recorded, with traders creating leveraged short-term positions worth $84.59 million.
Source: Coinglass
SOL Price Action and Upcoming Levels to Watch
These activities appear to reinforce SOL’s bullish outlook, but another factor currently playing a key role is price action. According to AMBCrypto technical analysis, SOL may face a hurdle at the key $145.85 level on the daily charts.
Source: TradingView
Since November 2025, SOL price has tested this level more than six times. Each time, the altcoin failed to surpass it.
Based on these factors, if SOL manages to clear this key hurdle and close a daily candle above the $146 level, there is a high chance that it will surge 15% and reach the $168 level in the coming days.
However, if it fails to breach this level, history could repeat itself and the price could experience a reversal.
At press time, the average directional index (ADX) – a technical indicator that measures trend strength – stood at 27.36, slightly above the key threshold of 25. This hinted at a strengthening trend across the market. Additionally, the 50-day exponential moving average (EMA) suggests that SOL will remain in an uptrend over a shorter time frame.
Final Thoughts
- A crypto whale placed buy orders worth $8.09 million for SOL in a price range between $133.88 and $135.
- Investors and traders remain optimistic, but further price rises will depend on a few factors.
