#### First: The recent price movement
The price of SOL has risen over the past four hours from $168.45 to $174.94, marking a gain of approximately 3.85%. This rise comes after a short correction period that led to a drop below $165 several days ago.
#### Key support and resistance levels:
- First support: $173.84 (lowest in the last four candles)
- Second support: $168.43 (opening level before the recent rise)
- First resistance: $175.90 (the upper limit of the current upward movement)
- Second resistance: $185 (target level according to technical analysis)
#### General trend:
Current trend: Clearly bullish, as the price has successfully breached the $170 area, which is considered a strong indicator of the return of buying momentum.
Momentum Change: The last four candles show buyers in control with increased trading volume, especially during the period when the price reached its highest levels at $175.90.
#### Factors affecting movement:
- Positive news: Liquid Collective launches the "LsSOL" token, boosting the use of SOL in institutional products.
Technical Analysis: The cup and handle pattern seen on the chart indicates a continued upward trend towards $185 if the market maintains positive momentum.
#### Conclusion:
The currency is currently in a strong uptrend, with potential gains reaching $185 if liquidity continues to flow in.
It is advisable to monitor the resistance level at $175.90. If the correction below it occurs consistently, the market may start forming a sideways range or a short correction.
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