Analysts are bullish about Solana, with Peter Brandt’s recent prediction that it could reach a target price of $518 based on a bullish cup and handle pattern. His X post highlighted the token’s recent performance in Q2, as well as increased optimism fueled by DeFi growth and institutional interest. This positive sentiment is also reflected in Polymarket’s odds for Solana, which saw a significant shift from 15% to over 40%. Cathie Wood, CEO of ARK Invest, sees Solana as central to crypto innovation due to its cost-efficient model and growing developer community. 2023 Q1 report by Messari showed a surge in daily DEX volume for Solana. This growth is attributed to rising memecoin speculation and the TRUMP token launch. With increasing investor confidence, experts anticipate a substantial rise for SOL price in the coming days and weeks.