Pepe, Solana; 2 Bullish Picks for November
Pepe Reaches ATH, Major Moves Ahead
The Ethereum-based Pepe token has been one of the best performers in this market cycle. Last week, on November 14, $PEPE reached its all-time high of $0.00002524 after major exchange listings. This marks a significant rise over the past 30 days.
Now the token is trading around $0.00002021.
What was driving this momentum was Pepe’s listing on both Coinbase and Robinhood on November 14. This has opened up Pepe to a whole new section of traders, naturally driving demand. For that reason, whales are also buying up the token. For instance, one whale bought 309.6 billion Pepe tokens, at a price of $6.45 million.
Even as Pepe reached its ATH, technicals are showing resilience. After briefly reaching overbought territory, with a relative strength index (RSI) at 70, technicals have improved. Despite Pepe’s record market cap, most indicators show buy signals. Moving averages, in particular, indicate a strong buy.
Solana Becomes Major Gainer, Reaches ATH
Just like Pepe, Solana (SOL) was a major beneficiary of the bull market. After a year of recovery, Solana finally recovered from its lows, reaching an ATH of $263.83.
Now $SOL is trading around $253.84.
The catalyst for Solana’s growth was the continued bullish sentiment after the 2024 elections. Traders now expect regulations to be more favorable to crypto assets, which is particularly important for SOL. Notably, several financial institutions have already filed for Solana ETFs. Moreover, Solana also got a boost from its Robinhood listing, which was on the same day Pepe got listed.