The analysis focuses on SOLUSD using a daily timeframe, highlighting that the price is consolidating below the $253 level, which corresponds to the 100% Fibonacci extension from the June low. The presenter measures Fibonacci levels using the Fibonacci extension tool, considering them significant. The analysis suggests that the price has been rejected at the $253 level. To measure Fibonacci extension, analyst considers wave one, wave two and wave three. The ideal target for the third wave is set at the 138% extension level, which is $305.42, and he stated that to really consider this an ideal third wave, the price should at least reach that point, otherwise is not healthy.