The Solana-based meme coin WIF has seen a significant drop in value, losing 33% over the past week and hitting a low not seen since February 2024. On-chain and technical indicators point to weakening demand for the coin, suggesting that its decline may continue in the short term. The token's On-Balance-Volume (OBV) has been decreasing, indicating more selling pressure than buying pressure. Additionally, the open interest for WIF has been declining, showing that traders are closing positions rather than opening new ones. The Awesome Oscillator (AO) also reflects the decreased demand for the altcoin with red downward-facing histogram bars. If the downtrend persists, WIF's price could drop by 30% to $0.55. However, a resurgence in demand could push the price above $0.92 and towards $1.89. This analysis serves as information only and not financial advice.#WIF #bitcoin #USJoblessClaimsRise #AICrashOrComeback