Dogwifhat (WIF) Plummets 30% From Local High, Faces Further Downside Risks

Dogwifhat (WIF), a top memecoin, is experiencing a major price drop, losing most of its gains since a recent market crash. This downward trend is also affecting other memecoins like Dogecoin, Shiba Inu, and Pepe. WIF`s decline is more severe than others, but it has still seen significant growth since the beginning of the year. The price drop led to forced selling in the futures market, further pushing the price down. WIF`s price chart suggests the possibility of further decline. However, if WIF`s price stabilizes and breaks through a certain level, it could signal a potential upward trend.