The analysis focuses on Solana (SOLUSD) using a 4-hour chart. It identifies a recent dip into a support zone, reacting around the 50% retracement level of a pullback. This pullback is characterized as a five-wave decline, anticipating a slight bounce followed by potential further downside. The expectation of a bounce is supported by a pre-existing minor bounce, a trend line, Fibonacci support, and an oversold condition indicated by the Relative Strength Index (RSI). Despite the oversold RSI, there's a possibility of forming another low before a bullish divergence occurs. The analyst shows the importance of the area for a potential reaction, acknowledging the possibility of reaching a lower low on the price chart while the indicator potentially forms a higher low.