The analysis indicates that Solana is holding better compared to other cryptocurrency charts. Some charts have broken support, with Ethereum slightly recovering. Solana is holding well in its support zone. Despite red candles, it looks like a textbook three-wave move to the downside from the swing high formed on August 14. The analyst is tracking a three-wave move to the upside from the August low. Fibonacci support levels are at $165.94, $174.20, $186.50. The price is currently in the middle of that support area.