The SOL price could increase by 15% if this happens

In the context of the still volatile cryptocurrency market, “whales” seem to have returned to Solana (SOL) as they continuously record buy orders worth millions of USD.

On January 9th, Onchain Lens – a well-known whale transaction tracking platform – posted on X that a whale deposited $8.09 million and placed a buy order for SOL within the price range of $133.88 to $135.

This large-scale buy order indicates strong and ongoing interest from major investors in SOL, despite the price fluctuating within a narrow range. At the time of reporting, SOL was trading at $136.6, down 2.48% in 24 hours.

Meanwhile, market participation also shows the attractiveness of SOL, with trading volume skyrocketing 25% to $5.05 billion.

Investors and traders turning optimistic

The increase in trading volume along with price movements often reflects strong interest from investors and traders in the current trend.

Derivative data from Coinglass shows that both investors and traders are holding a positive outlook on SOL. They have been continuously accumulating positions and betting on upward movement recently.

According to the inflow/outflow index of SOL, in the past 24 hours, exchanges recorded a net outflow of $1.30 million – a clear sign that accumulation is underway.

Source: Coinglass Notably, traders are using high leverage around the $136 price level, with the total value of leveraged long positions reaching $111.52 million.

Additionally, the $141.4 price level is also noteworthy as leveraged short positions are built with a total value of $84.59 million, although interest is lower compared to the buy side.

Source: Coinglass## Price movements and key levels to watch

These activities are strengthening the bullish outlook for SOL; however, the decisive factor still lies in the price action. According to technical analysis by AMBCrypto, SOL is currently facing a significant resistance at $145.85 on the daily chart.

TradingView Since November 2025, SOL has tested this resistance multiple times but has yet to break through.

If SOL successfully breaks this resistance and closes the daily candle above $146, there is a high probability that the price will surge 15% and reach the $168 mark in the coming days.

Conversely, if it fails, a reversal scenario could repeat as in previous instances.

Currently, the Average Directional Index (ADX) – a trend strength indicator – stands at 27.36, surpassing the critical threshold of 25, indicating that the upward trend is being reinforced. Additionally, the 50-day Exponential Moving Average (EMA) also shows that SOL maintains its short-term bullish momentum.

Mr. Giáo