The analysis focuses on Solana (SOL/USD) using an hourly chart. It suggests that while a bullish resolution remains possible, the upward move is not clearly impulsive. A three-wave move is observed from a June low, potentially as a B wave. The analyst points out that there's currently no high confidence pattern, and momentum appears weak, showing that bulls are not strong enough. A break above the green line around 206.52 is required to confirm a low is in place; otherwise, the downtrend may continue. The main support area is between $192 to $197. A micro support is noted and that any break below $192 is concerning, which could lead to a visit to the lower support area. It is possible the entire structure to the upside is a diagonal pattern. The speaker added that the bulls have failed to drive the price above a yellow trend line, which would be an important objective for the bulls to do so.