The analysis focuses on SOLUSD, noting its recent performance and resilience compared to other cryptocurrencies. The analyst observes a five-wave decline followed by a three-wave move up, suggesting another low was likely. The current price is around $201.39, with a potential target of approximately $368.98, derived from Fibonacci levels and wave analysis. The analysis considers a failure bound around $172.74, to account for a potential pullback. The timeframe for this analysis extends over the next month. Despite a strong sell-off, the chart remains largely intact, and these types of movements have been seen on SOLUSD before. Analyst emphasizes that SOLUSD chart held up better than other crypto assets, which experienced more severe downturns.