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Dogwifhat (WIF), a Solana-based memecoin, is flashing bullish signals, potentially leading to a 35% price surge. Key points:

Bullish Factors

1. Bullish divergence: WIF formed a bullish divergence on the dail y chart at a crucial support level of $1.30.
2. Rising trader interest: On-chain metrics show strong bullish sentiment among traders, with a long/short ratio of 1.10.
3. Solana's performance: Solana's recent gains, record DEX volume, and rapid adoption could positively impact WIF's price.

Technical Analysis

1. Consolidation: WIF is consolidating within a tight range between $1.345 and $1.50.
2. Breakout potential: If WIF breaks out of this consolidation and closes above $1.52, it could surge by 35% to $2.10.

Trader Sentiment

1. Long/short ratio: Binance's WIFUSDT long/short ratio stands at 4.01, indicating strong bullish sentiment.
2. Top trader positions: 80% of top traders hold long positions, while 20% hold short positions.