Dogwifhat (CRYPTO:WIF) experiences a bearish trajectory following a series of corrections, prompting concerns about its ability to maintain its position against competitors like PEPE (CRYPTO:PEPE).

The decline in WIF's price is exacerbated by investor skepticism and recent liquidations, leading to a projected downturn to $2.

Despite attempts to regain bullish momentum, WIF struggles to surpass key resistance levels, indicating a lack of support from both investors and broader market indicators.

The absence of bullish participation in the Futures market further compounds the negative outlook for WIF, potentially prolonging its decline.

With WIF's market capitalisation continuously decreasing and PEPE's standing at $2.14 billion, there's a possibility of PEPE overtaking WIF in the near future.