The analysis focuses on Solana (SOLUSD) using Elliott Wave theory and Fibonacci retracements on a 30-minute timeframe. It identifies a potential C wave bounce within wave 2, targeting $192.60 to $196.55, with an ideal target being $195.15, which aligns with the 100% Fibonacci extension level, starting from $181.19. It notes the importance of holding above $181 to maintain the bullish scenario. It highlights the current corrective pullback as a possible ABC structure. The price needs to pullback into support, potentially leading to a bullish breakout if holding above $181. The overall analysis suggests range-bound price action but keeps the door open for higher prices in the short term.