Analyst Peter Brandt predicts a bullish cup and handle pattern for Solana with a target above $500.Messari's Q1 report shows a 40.8% increase in average daily DEX volume to $4.6 billion, driven by memecoin speculation.On-chain data indicates Solana's Total Value Locked (TVL) rebounded to $9.314 billion in May, with increased stablecoin holdings by whales.Solana's price has shown positive momentum, with a potential target of $518 according to Peter Brandt, and on-chain data supporting a bullish view.