The significant increase in Dogwifhat (WIF) price during March has caught the attention of investors as it reached a new all-time high. Speculation now suggests that WIF may soon outperform PEPE, positioning itself as a strong competitor in the meme coin market.

In the recent market movements, Dogwifhat has managed to surpass a total market value of $3 billion, closing in on PEPE’s market value of $3.36 billion. If this trend continues, WIF could potentially overtake PEPE, becoming the third-largest meme coin globally behind SHIB and DOGE.

Technical analysis indicates that WIF is showing signs of a bullish trend, with the Relative Strength Index (RSI) remaining in a positive zone and the Moving Average Convergence Divergence (MACD) suggesting further upward movements. These indicators point towards a potential price increase for WIF in the near future.

Currently trading at $3.08, Dogwifhat has experienced a slight decline from its recent peak of $3.24. If the positive momentum resumes, WIF’s price could surpass PEPE, with expectations for it to potentially reach $3.50. However, failure to maintain current levels could result in a price drop to $2.73 and even further down to $2.50, should crucial support levels not hold.