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<p>Dogwifhat (WIF), the popular Solana-based meme coin gained massive attention in the past few days due to its impressive price surge of over 150%. However, the meme coin has been continuously falling and has now found support at the golden Fibonacci ratio of 0.618 level.</p>  
<h2 class="wp-block-heading" id="h-bullish-indicators-on-wif-charts"><strong>Bullish Indicators on WIF Charts</strong></h2>  
<p>Besides finding support at the golden ratio, WIF is also benefiting from Solana (SOL) as it approaches its all-time high. Additionally, the meme coin’s charts on both the four-hour and daily timeframes appear highly bullish, signaling a potential notable upside rally in the coming days.</p>  
<h2 class="wp-block-heading" id="h-wif-price-prediction-for-november-2024"><strong>WIF Price Prediction for November 2024</strong></h2>  
<p>According to expert technical analysis, WIF has broken out of a bullish flag and pole price action pattern. Meanwhile, on the daily timeframe, the meme coin is forming a bullish engulfing candlestick pattern. This price action on both timeframes indicates bullish momentum for WIF holders and suggests a potential upside rally in the coming days.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/11/21235147/WIFUSDT_2024-11-21_23-51-39.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/21235147/WIFUSDT_2024-11-21_23-51-39-1024x448.png" alt="" class="wp-image-383354"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>Based on recent price action and historical momentum, if WIF breaks out of the flag and pole price action pattern and closes a four-hour candle above the $3.4 level, there is a strong possibility it could soar by 85% to reach its all-time high (ATH) of $6.</p>  
<p>Currently, the meme coin is trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating an uptrend. Meanwhile, WIF’s Relative Strength Index (RSI) signals major rally incoming.</p>  
<h2 class="wp-block-heading" id="h-bullish-on-chain-metrics-nbsp"><strong>Bullish On-Chain Metrics&nbsp;</strong></h2>  
<p>With this bullish price action pattern and Solana’s upward momentum, WIF is currently attracting traders, resulting in a significant rise in open interest (OI), as reported by the on-chain analytics firm Coinglass. According to recent data, WIF’s OI has increased by 7.5% in the past 24 hours and 5.2% in the past four hours.</p>  
<p>This growing OI indicates a strong interest from traders in the meme coin.</p>  
<p>In addition to the growing OI, WIF’s current Long/Short ratio stands at 1.078, reflecting strong bullish market sentiment among traders.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/11/21235219/image-20.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/21235219/image-20-1024x265.png" alt="" class="wp-image-383355"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>  
<p>The combination of these on-chain metrics and technical analysis suggests that bulls are currently dominating the asset, potentially supporting WIF in reaching its target.</p>  
<h3 class="wp-block-heading" id="h-current-price-momentum-nbsp"><strong>Current Price Momentum&nbsp;</strong></h3>  
<p>At press time WIF is trading near $3.32 and has registered a price gain of over 6.5% in the past 24 hours. During the same period, its trading volume surged by 25%, indicating increased participation from traders amid a bullish price action pattern.</p>

Dogwifhat (WIF) Hits Golden Fib Level, Bulls Target 85% Rally

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