The analysis focuses on Solana (SOLUSD) using Elliott Wave theory to identify price structures and key levels. The current market trend is bullish but in a holding pattern, waiting for a catalyst, potentially the FOMC meeting and Fed interest rate decision. The price has reached anticipated levels around $250, and the third wave could extend to $305, the 138% Fibonacci extension. The presenter notes the importance of Q4 for altcoins. A yellow trendline, acting as support, currently at $225, is critical; Solana is holding above it. The analysis suggests a possible test of the $224-225 support level. The low is not confirmed, as the upside lacks momentum. Key support levels are identified at $229 to $223. Holding above $217, the Fibonacci support, is crucial for maintaining a bullish outlook. Breaking above $244 is necessary to confirm a new bullish impulse.