The analysis focuses on SOLUSD, currently trading at $203.78. The analyst identifies two potential scenarios based on Elliott Wave theory. Both scenarios anticipate a move higher in price, provided that the $166.21 level is maintained as a critical support. A decisive break above $218.11 would confirm the more direct bullish path, targeting an upward move to $270.00. The analyst emphasizes the importance of monitoring Fibonacci support levels and trendlines, considering a deeper pullback as a possible opportunity if the price remains above $166.21. The analysis acknowledges that corrective patterns currently characterize price action, which requiring a flexible approach and level-based analysis.