In this paper, we develop a method of detecting an early warning signal of
catastrophic population collapse in a class of predator-prey models with two
species of predators competing for their common prey, where the prey evolves on
a faster timescale than the predators. In a parameter regime near {\em{singular
Hopf bifurcation}} of a coexistence equilibrium point, we assume that the class
of models exhibits bistability between a periodic attractor and a boundary
equilibrium point, where the invariant manifolds of the coexistence equilibrium
play central roles in organizing the dynamics. To determine whether a solution
that starts in a vicinity of the coexistence equilibrium approaches the
periodic attractor or the point attractor, we reduce the equations to a
suitable normal form, which is valid near the singular Hopf bifurcation, and
study its geometric structure. A key component of our study includes an
analysis of the transient dynamics, characterized by their rapid oscillations
with a slow variation in amplitude, by applying a moving average technique. As
a result of our analysis, we could devise a method for identifying early
warning signals, significantly in advance, of a future crisis that could lead
to extinction of one of the predators. The analysis is applied to the
predator-prey model considered in [\emph{Discrete and Continuous Dynamical
Systems - B} 2021, 26(10), pp. 5251-5279] and we find that our theory is in
good agreement with the numerical simulations carried out for this model