Dogwifhat (WIF), a meme coin based on Solana, experienced a significant price surge of over 150%. After falling, it has found support at the 0.618 level of the golden Fibonacci ratio. WIF is benefiting from Solana approaching its all-time high, and its charts suggest a potential rally in the coming days. Technical analysis shows a breakout pattern and a bullish engulfing candlestick pattern, indicating positive momentum and a potential 85% increase if WIF breaks the $3.4 level. The meme coin is currently trading above the 200 EMA and its RSI signals a major rally. Open interest has grown, reflecting increased trader interest, and the Long/Short ratio indicates strong bullish market sentiment. These metrics suggest that WIF could reach its target, and it is currently trading at around $3.32 with a 6.5% price gain and increased trading volume.



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