Dogiwfhat, a cryptocurrency based on Solana, witnessed a significant price increase of 5.4% amidst a broader market uptick. This price movement took the coin to a two-month high of $2.77.
Investors and analysts note that this surge was primarily driven by the WIF buyers successfully breaking through a longstanding 190-day resistance level.
Additionally, there was a notable rise in the future open interest (OI), indicating increased trading activity and interest in this meme coin.
This current bullish momentum raises questions on whether Dogiwfhat's price could potentially lead a meme coin rally in the month of October.
![Is dogwifhat [WIF] ready for a memecoin supercycle in Q4?](https://loutre.blockchair.io/w4/storage/news/2d065a81e30cf52ab74493b9ec97beaa.png){kind=small}
