Among the five largest memcoins by market capitalization, only Dogwifhat (WIF) showed a decline over the past week. At the time of writing, its price has fallen 4% over the last seven days.

The Parabolic Stop and Reverse (SAR) indicator suggests that the price decline may continue over the weekend. At the time of writing, the points of this indicator are above the token price, reflecting high selling pressure. Such a market is considered to be falling, and the price decline is likely to continue.

If the downward trend continues, the WIF price could weaken to $1.50.