The latest drop in price continues a notable downward trend that started at the tail end of March. The meme coin WIF registered a 38.8% decline. Despite the price drop, in the last 24 hours, the coin’s trading volume increased by more than 51%, settling at $1.1 billion after reaching $726 million. The coin hit its all-time high price on March 31, 2024, reaching $4.80.
Currently, the cycle high stands at $4.30, with the low at about $2.60. Over the past 30 days, it has recorded 16 days of favorable price movements, with the rest of the days seeing its value nosedive. “It probably ranges for some time, enough to get people moving on and doubting its long term place in this market,” an analyst known as “The Flow Horse” said. “The next pump is stronger though.”
Per CoinMarketCap, DOGE is down 13.56% over 24 hours and 6.56% in seven days. SHIB and PEPE lost 10.6% and 17.6% of their values over the last day and 10.3% and 11.9% over the past week. As of this writing, the coin was up 8.54% from 24 hours ago and 145% over one week.