Solana’s Price on the Verge of a Surge
Solana (SOL), a well-known altcoin, is capturing the attention of crypto investors and traders once again. Recent activity by crypto whales and consistent trading volume increases hint at the potential for a significant price rally. With a mix of technical analysis and market indicators, SOL might just be on the cusp of a 15% price hike.
Whale Activity Fuels Optimistic Predictions
Crypto whales have started making bold moves in favor of Solana. On January 9, a prominent whale deposited $8.09 million to purchase SOL within the price range of $133.88 to $135, as reported by Onchain Lens. This significant investment demonstrates strong confidence in SOL despite its recent sideways price movement.
At the time of writing, Solana is trading at $140, up 2.48% over the past 24 hours. The trading volume has also surged by 25%, hitting $5.05 billion. Such a spike in trading volume typically signals growing market interest, reinforcing the possibility of a price breakout.
Technical Analysis Shows a Promising Outlook
According to Coinglass data, traders and investors currently maintain a bullish stance on Solana. Many are making long-leveraged bets, with net outflows of $1.3 million over the last 24 hours pointing toward accumulation. However, resistance at $145.85 remains a key challenge for SOL, as this price level has been tested multiple times since November 2025 without a successful breakout.
If SOL manages to close a daily candle above $146, analysts predict a strong possibility for the price to rise by 15%, potentially reaching $168. Conversely, failure to clear this critical hurdle could result in a price reversal, following historical patterns.
Trend Indicators Signal Strength
The Average Directional Index (ADX) is currently at 27.36, which is above the threshold of 25, signaling a strengthening market trend. Additionally, the 50-day Exponential Moving Average (EMA) suggests that Solana’s shorter-term trajectory remains in an uptrend. Both indicators suggest that the market sentiment for Solana is bullish for the time being.
How to Make the Most of Market Opportunities
Investors eager to participate in a potential SOL rally should consider tools that help them manage investments efficiently. A hardware wallet, like the Trezor Model T, is an excellent choice for securely storing cryptocurrencies such as Solana. This device ensures your assets remain safe, even amidst market fluctuations.
However, it’s also essential to remember that cryptocurrency investments come with risks. Always perform thorough research and consider consulting with a financial advisor before making any significant decisions.
