The crypto news content reports that Dogwifhat (WIF), a Solana-based meme coin, is experiencing significant upside momentum following a rate cut announcement. WIF's price has surged by over 18% in the last 24 hours, and its trading volume has increased by 175%. The coin has breached its crucial resistance level and experts believe this breakout is a bullish sign. If WIF can close a daily candle above the $1.70 level, there is a strong possibility that it could increase by 15% to reach the $2 resistance level. On-chain metrics, such as the long/short ratio and future open interest, further support the bullish outlook for WIF.
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