The video analyzes the Solana (SOLUSD) chart, noting a local downtrend since July 22, characterized by lower lows and lower highs. The analyst points out recent attempted reversals that lacked strong signals. A move upwards is viewed cautiously, possibly a 1-2 setup but fragile. Volume is thin, upside momentum weak, requiring upside confirmation. The analyst focuses on the $158.58 to $164 area with a potential wave two low. He defines $140.27 to $161.43 as a broad support zone, a bearish break signals further wave two extension. Currently, SOL is holding support with early bullish signals. Overcoming the $171.80 hurdle is the bulls' initial objective before aiming for resistance around $195.16, however breaking below support could lead to a failure.