The analysis focuses on Solana (SOLUSD) on a 30-minute chart, indicating that the asset has completed a five-wave impulse upward from a low around $117.40 on Thursday. This upward movement is interpreted as either Wave (A) or Wave (1). Currently, the price is undergoing a corrective pullback, identified as Wave (B) or Wave (2), and has entered a Fibonacci support area ranging from $123.45 (38.2% retracement) down to $118.99 (78.6% retracement). This three-wave corrective pattern is considered a typical and healthy market action. For the bullish trend to resume, the market needs to demonstrate a clear five-wave impulse upward from the current corrective low. Key resistance levels to watch for confirmation of an upward continuation include the Sunday swing high at $126.60, followed by the December 19th high at $128. The primary target for the subsequent impulsive wave (Wave (C) or Wave (3)) is projected within a Fibonacci extension zone, with specific levels at $129.14 (38.2%), $130.58 (50%), $132.03 (61.8%), and $134.60 (78.6%). The analysis remains bullish as long as the critical support level at $118.99 is maintained; a breach below this level would invalidate the current bullish outlook.