Can SOL close above $200 as crypto market recovers on Thursday?
Solana (SOL) is trading above $195 at the time of writing on Thursday, indicating that sentiment in the broader cryptocurrency market may be shifting positively.
Crypto majors, including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), are edging higher, hinting at restored risk-on sentiment. The largest cryptocurrency by market capitalization, BTC, is back above the $111,000 level after a short-lived dip below $110,000. Ethereum (ETH) shows signs of extending its up leg above the short-term $4,100 resistance.
Can Solana uphold bullish outlook amid low on-chain activity?
Solana is attempting to break out above the $200 level following an intraday drawdown, which tested support at around $186. A higher immediate support at $195 is…
