This video provides a technical analysis of Solana (SOLUSD). Currently, Solana is barely holding the upper support area between $172.74 and $198.69. The speaker expresses dissatisfaction with the price action since the October 10th low, noting the market seems to be finding itself. Fibonacci support is at $172.74 on the daily chart. A break below this level could lead to a drop to $117.41 or $138.26. The speaker points out the correction from the high has not been in five waves, only three. Still holding the $172.74, there is no impressive buying pressure. Key support at the mentioned levels would be crucial. A bullish reaction has to break a resistance zone at the $192 - $197 range. The presenter maintains a cautious outlook, and while he suggests higher prices are still possible, only impulses indicate sustainable strong trends.