The video provides a technical analysis of Solana (SOLUSD). The cryptocurrency has fallen back into a support area, similar to Ethereum. The presenter notes that a direct upside breakout attempt has failed. The price action is characterized as sideways, with an initial reaction to a Fibonacci support area followed by a three-wave move up that failed to form a five-wave move. The presenter emphasizes that the $178 level remains a crucial support, with the overall upside momentum still intact. The analysis suggests the potential for an upward C wave, with the next key resistance around $210 to $213. He mentions the selling pressure that started around October 10th, and the potential 224 dollars target above it. The analyst concludes by stating that confirmation of a low will be based on a breakout rally and potential higher low in the pullback