• DOGE's price drops to $0.1705 and is now aiming for $0.16 for potential support with a 1.94% decrease in market cap.
• SHIB hits a low of $0.00002573, witnessing a 2% decrease in market cap in a bearish turn over 24 hours.
• WIF faces a bearish trend, dropping to $3.53 and a significant 33% decrease in trading volume, indicating declining confidence.

Despite being recognized as profitable in Q1 2024, with average returns exceeding 1300% according to CoinGecko, there has been a shift in momentum towards bearish trends in meme coins. As a result, the prices of Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Pepe (PEPE), and Floki (FLOKI) have all experienced notable declines in the past 24 hours. This situation may present an opportunity for investors to purchase at a lower price and potentially benefit from future value increases in these meme coins.