Bitget Predicts Solana To Hit Up To $180 In October, Meme Coin Boom To Continue
Bitget Research, the institutional analysis side of Bitget (CRYPTO: BGB) crypto exchange, has released a statement predicting the price of Solana (CRYPTO: SOL) to reach or exceed $160 to $180 in October and largely credits the bullish sentiment on memecoin activity.
What Happened: Ryan Lee, Chief Analyst at Bitget Research said, “Based on the current market sentiment, the development of the Solana ecosystem, and the involvement of major partners, SOL may reach or exceed the price range of $160 to $180 in October.”
Lee pointed out that in 2024, SOL has been tracking with more stability than the greater crypto market.
“During market downturns, the $110 support level has been exceptionally strong, and during each rebound, SOL has been one of the strongest performing high-market-cap tokens.”
Lee also credits some of Solana’s strength on their place at the epicenter of the memecoin phenomenon.
“The Solana ecosystem’s meme sector has consistently been one of the most robust during rebounds. Market confidence in Solana as a whole has …
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