How High Could SOL Go in January 2026?

Solana price showed signs of strength in early January 2026, hovering near $127 after a minor recovery in the broader market. 

The token remains supported within the $120–$130 demand zone, a level traders are watching closely for potential upside. 

The technical indicators on various timeframes indicate that the bullish momentum has the potential to accumulate.

In the last 24 hours, Solana increased by 3%, which is higher than the performance of the general crypto market of 1.92%. The volume of trading shot to $3.81 billion and which is 143% higher, meaning that investors are interested again.

In the meantime, Bitcoin price hovered above $89,000, and Ethereum fluctuated around $3,000 and also adding to the optimism in the altcoin market.

Solana Derivatives Activity Gains Momentum

As of the time of writing, Solana derivatives data pointed to a strong rise in trading participation.

The derivatives trading volume nearly doubled and reached nearly up to $11.63 billion in the last period. 

The open interest rose by 6.8%, to about 7.89 billion. The combination is an indicator of increasing market participation, and traders were putting on fresh positions in a high short-term activity.

Solana Price Eyes Breakout From Falling Wedge

Crypto analyst suggests Solana is showing signs of a breakout from a falling wedge on the 4-hour chart. There seems to be technical momentum in place with the volumes increasing to support short-term bullish pressure.

The trend, reinforced by a tightening price action and historic areas of volatility, is in line with a possible upward trend. 

Additionally,  another analyst sees the breakout on lower timeframes, and the level to which the momentum will drive the market is above the $150 target. 

Both of them emphasize a critical area where buyers need to be fatigued to prevent a fakeout. The breakout attempt of Solana will most probably be put to the test this week, and traders will be keen on the price response above $130.

SOL Price Near Key Levels: Will Recovery Momentum Continue?

As of the time of writing, the SOL price climbed to $127.92, posting modest gains of 3% the four-hour chart. 

Solana was a buyer following a rebound after the support zone of $123-$125. Which buyers have defended several times during the pullbacks. Solana’s price behavior was in a range where SOL was consolidating at a price of less than $130.

The Chaikin Money Flow remained profitable, indicating that capital flows into Solana markets persisted. The MACD line was to the right of the signal line, and the histogram became positive.

If Solana price outlook clears $130 with strong closes, upside targets sit at $140 and $150.A sustained move above $150 could open the door toward the $160 region.

On the negative, missing the hold of $123 can subject the next support of $120. A decline under $120 may cause the short-term structure of the market to be bearish at $110.