#Opinion #Analysis

🪙 The total value locked in #SOL has reached $5.5 billion, marking the highest level since January 2022

Why is this important?

#BitgetResearch analyst Ryan Lee claims that the increasing activity on the #Solana network, combined with growing interest from institutional players such as #FranklinTempleton and #Citibank, could serve as favorable factors for the coin's growth:

"Considering the current market sentiment, increased activity, and ongoing development of the Solana ecosystem, along with significant partnerships, we expect Solana to be more bullish than bearish in October, potentially reaching a price range of $160 to $180."

🕯 Lee also notes that #Solana showed resilience at the $110 level while the broader market was in a downtrend, and the #memecoin sector within the project’s ecosystem was one of the most reliable during periods of high volatility.

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