The cryptocurrency market has been abuzz with excitement over the past two weeks, thanks to the Fed’s recent rate cut and optimism heading into Q4. Bitcoin surged past $65,000 for the first time since August, setting the stage for a broader market rally. Among the biggest beneficiaries of this bullish shift have been two popular memecoins: Pepe (PEPE) and Dogwifhat (WIF).

Both memecoins are seeing impressive gains, with PEPE up nearly 38% over the past week, while Dogwifhat (WIF) has soared 34%. Let’s take a closer look at their recent performance and see which coin could continue to outperform in the coming days.

Pepper (PEPPER)

PEPE, currently the third-largest memecoin by market capitalization on the Ethereum network, made a notable breakout on September 19. The token broke above the downtrend line at $0.0000075, pushing the price to its current price of $0.000011.

However, PEPE is currently facing a key resistance zone between $0.00001197 and $0.00001280. This could lead to a consolidation period as traders wait to see if the price can break above this barrier. If PEPE successfully breaks out of this range, it could surge to $0.00001654, representing a potential 50% increase from the current price.

Dogwifhat (WIF)

WIF, the top-performing memecoin from the Solana ecosystem, has followed a similar bullish wave. After breaking out at $1.80, WIF surged to $2.27 and is currently consolidating just below the resistance at $2.29.

If WIF can maintain its bullish momentum, a break above the current resistance could push the price to $2.69 – a 19% increase from current levels.

Who Will Be The Best Performer Next Week?

Both PEPE and WIF are primed for further gains, especially as the bullish sentiment continues into October. However, WIF seems to have the upper hand at the moment. While PEPE still has to overcome a key resistance level, WIF appears to be in a stronger position, hovering just below the resistance level and ready to break out.

However, memecoin's price rally can be difficult to predict and both tokens have the potential to surprise investors in the coming days.