Solana (SOLUSD) technical analysis shows a local uptrend supported by the holding support levels. The local resistance line at approximately $214.00 needs to be breached for further upward movement. A larger timeframe analysis reveals that the price is progressing within an ascending wedge pattern, which suggests a potential downside breakout. However, the analyst believes the Elliott Wave structures support a continued uptrend. The analyst identifies a five-wave move up from an April low, followed by a corrective pullback, and multiple instances of higher highs and higher lows. For the uptrend to remain intact, Solana must hold above the $165.94 level. A test of lower support around $174.20 (the 61.8% Fibonacci level) is possible.