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Analyst Peter Brandt Predict Solana Price To Hit $518?

  • 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.

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