The analysis focuses on the SOL/USD chart, noting a dip into Fibonacci support after a rally in an A wave. The analyst suggests the initial rally was an A wave of a larger degree third wave, tracking an ABC structure to the upside in wave 3. The idea is that after the A wave completes, a B wave pullback into the support zone between $165.94 and $186.50 should occur. The price dipped from the swing high of the week into this support zone. There's no evidence of a meaningful low being established yet, and the price has moved from support into resistance, testing it without a strong upside reaction. The analyst mentioned $278.71 is the target of the ABC structure.