Solana-based meme coin Dogwifhat (WIF) experienced a 34% price surge after speculation of a promotion on the Vegas Sphere. However, the price increase was short-lived as WIF's value quickly retreated. Open interest for WIF has also decreased, indicating reduced market participation and confidence. The meme coin currently trades below the Super Trend indicator's red line, suggesting a bearish trend. If selling pressure continues, WIF could drop to $0.97, but if buying activity resumes, the price could potentially reach $1.83.



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