The analysis focuses on FETUSDT, presenting two bullish scenarios using Elliott Wave theory. The primary scenario anticipates an imminent C-wave upward, contingent on maintaining support at $0.608. A breakout above $0.786 would signal a third wave, bolstering the bullish outlook. The alternative 'yellow' scenario allows for further downside to $0.49, representing a 100% extension before initiating the bullish climb. The analysis also notes that if the price does not hold 0.608, it could go down to 0.49. The long-term target would be around 1 dollar. The analysis also discusses why Solana, which has 3 waves, has less confidence because this would indicate that the ending diagonal is unstable and vulnerable to failing.