Based on the technical analysis of Solana's meme coin Mother IGGY (MOTHER), the token experienced a significant surge of over 40% within an hour, reaching $0.04379. This spike is attributed to the recent strategic partnership between DWFLabs and Iggy Azalea, aimed at fostering innovative projects in the Web3 space.

For investors looking to go long, consider entering above $0.044, targeting higher resistance levels if the bullish momentum continues. Conversely, for short trades, look for a potential entry point if the price retraces below $0.040, aiming for support levels. Employing risk management strategies, including stop-loss orders, is crucial to protect against market volatility.

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