The daily active users on the Solana network surged to 3 million in September, and analysts believe that SOL will rise to the range of 160-180 USD in October

ChainCatcher news, according to The Block, Bitget Research's chief analyst Ryan Lee stated that given the current market sentiment, increased activity, and the ongoing development of the Solana ecosystem, along with significant partnerships, he expects the bullish sentiment for Solana in October to outweigh the bearish sentiment, potentially rising to a price range of $160 to $180.

Lee noted that Solana's $110 support level has shown resilience during market downturns, including the liquidation event in early August. He also emphasized that Solana has consistently been at the forefront during the recovery phase of high market cap tokens. Additionally, meme coins within the Solana ecosystem have demonstrated strong growth and have been one of the strongest sectors during the rebound.

According to on-chain data, the number of daily active addresses on Solana saw a significant increase in September. Zeta Markets founder Tristan Frizza mentioned that compared to less than 1 million in previous months, Solana's average daily user count now exceeds 3 million. This increase in activity may be driven by a collective interest in Solana as a whole, trends like meme coins, and the involvement of celebrities and creators such as Iggy Azalea, which have attracted retail interest in the ecosystem.