Dogwifhat (WIF), a meme coin based on Solana, has captured significant attention due to a notable price surge exceeding 150%. This sudden upward movement has piqued interest among traders and investors in the cryptocurrency space.
Currently, Dogwifhat's price is stabilizing, finding crucial support at the golden Fibonacci ratio of 0.618, a key technical level often regarded as a potential reversal zone.
Despite its recent decline, there are bullish indicators on WIF's charts, suggesting that bulls are targeting a potential 85% rally from its current levels, betting on a sustained upward trajectory.
![Dogwifhat [WIF] Shows Stability Amid Market Declines with Potential for 60% Rally If Key Support Holds](https://loutre.blockchair.io/w4/storage/news/ctag.png){kind=small}
