**Dogwifhat (WIF) Memecoin Surges 15% Amid Market Rally**

Dogwifhat (WIF), a memecoin on the Solana blockchain, has jumped 15% in the past 24 hours, hitting $1.98 on September 24. This rebound follows a 60% drop from its all-time high of $4.85 six months ago.

- **Recent Performance**: WIF climbed from $1.44 on September 18 to $1.96 on September 24, marking a 37% increase.

- **Market Context**: The overall memecoin market cap rose 0.33% to $2.3 trillion, with most major memecoins seeing gains.

- **Technical Indicators**: Analysts note WIF breaking out of a 180-day falling wedge, with $1.98 and $2 as key resistance levels.

- **Support Levels**: The coin has flipped crucial levels into support, including the 50-day, 200-day, and 100-day EMAs.

- **Open Interest**: WIF's open interest surged 30.45% to $315.95 million on September 24, indicating growing market interest.

Traders are cautiously optimistic, but futures positions suggest some skepticism about a quick rebound. Always conduct your own research before investing.