The analysis focuses on Solana (SOLUSDT) on the daily timeframe. It identifies an ascending wedge pattern that Solana has been following. There hasn't been a breakout to the downside, but also no breakout to the upside. The analyst points out that ascending wedge patterns often break to the downside, though not always. The price is currently near the upper boundary line of the wedge, rather than the lower boundary line. The analyst addresses questions about whether the pattern could be a leading diagonal, but believes it is not since the sub-waves are corrective. The initial move up is viewed as a five-wave move. The target is 250.63.