The analysis focuses on Solana (SOLUSD) using Elliott Wave principles on the 1H timeframe. It identifies a micro support zone between $149.68 and $156.82, noting a slight reaction upward from this level. The video suggests two possible scenarios: a C-wave formation that could lead to a bounce towards an upper resistance around $179.75, potentially forming a B-wave bounce. However, the move upwards is seen as a corrective three-wave move. Alternatively, it foresees a potential ABC structure leading to a C-wave decline. The analyst emphasizes that unless the price breaks above the $179.75 resistance with a confirmed five-wave advance, it may indicate only a temporary bounce within a larger downtrend. Reaching the resistance levels or above it with a 5 wave impulse structure and a 3 wave retracement will cause a rally towards $300 plus, implying a wave one scenario to add support for a wave two retracement. A very important factor is a $190 price level which previously selling volume was high.