Will Dogwifhat (WIF) Fight Back After a 13% Drop?

Will Dogwifhat (WIF) Fight Back After a 13% Drop?
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Dogwifhat is trading at $2.27, down by more than 13%.
The daily trading volume of the meme coin has increased by over 74%.
Ahead of the Christmas holidays, investors are taking profit, resulting in the crypto market encountering a bearish force. The market cap has plunged to $3.51 trillion. Notably, the Solana-based meme coin, Dogwifhat (WIF), chose to trade on the downside, as its 24-hour chart flashes a bearish signal. 
WIF has recorded a steady drop of over 13% over the last 24 hours, falling back to the previous support zones. In the early hours, the meme coin has visited its daily high at $2.57. As the bears chose to rule the day, the lowest price was observed at $2.26. 

WIF price chart (Source: CMC)
At the time of writing, WIF trades at $2.27, with its market cap reaching $2.27 billion. Meanwhile, the daily trading volume stands at around $968 million, after surging over 74.20%. In addition, the market has observed a $9.38 million Dogwifhat liquidation, as per Coi

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