How are the coins Bitcoin Cash (BCH), Solana (SOL), and Pepe (PEPE) performing within the crypto market? In this article, we look at the latest price performances and recent news concerning them.
Bitcoin Cash: positive signals and possible bull
At the moment, Bitcoin Cash (BCH) is maintaining an interesting position in the market, with the price at around 379 dollars after a slight decline of 0.58% in recent days.
Although it experienced a brief decline, the token remains up by 7% compared to the previous week.
Analyzing the daily chart, BCH shows a bull potential. The MACD indicator (Moving Average Convergence Divergence) is above the signal line, indicating the possibility of a positive trend.
The Relative Strength Index (RSI) also remains at 56, revealing a prevalence of buyers compared to sellers, while showing a slight downward inclination that could foreshadow a correction without an increase in buying activity.
Bitcoin Cash has surpassed the resistance at the Fibonacci level 0.681 ($370) and, if this position is maintained, it could aim for the next Fibonacci level 1.618, set at 420 dollars.
The increase in whale activity and the growth of the network support this bull forecast.
In fact, the transaction volumes above $100,000 have increased significantly, by 123% in the last 24 hours, reaching 1.13 million, according to IntoTheBlock.
In parallel, the number of active addresses on the network increased from 45,000 to 121,000 in one day, indicating a growing interest in BCH. This growth in usage can push price volatility upwards.
The open interest has also reached 232 million dollars, indicating an increase in trader participation.
These factors, combined with positive funding rates, confirm a bullish sentiment among derivatives, suggesting a possible rally of Bitcoin Cash towards 400 dollars or more.
Solana: record growth thanks to memecoins and user engagement
The Solana network recently recorded an extraordinary increase in active addresses, with over 123 million unique addresses interacting on the blockchain during the month of October.
This represents an increase of 42% compared to September and a huge jump compared to the 12.7 million active addresses in January.
According to CoinTag data, the popularity of memecoin and the increase in user activity are driving this growth.
In particular, platforms like Pump.fun and the decentralized exchange Raydium have seen a significant increase in transaction volume.
In particular, the latter reached an impressive volume of 30 billion dollars in the month of October alone, as reported by DefiLlama.
This momentum has put Solana in an advantageous position compared to competitors like Ethereum. The “State of Crypto” report highlights how Solana, with over 100 million active monthly addresses, far exceeds Ethereum, which has about 57 million.
Analysts attribute this success to Solana’s ability to offer fast and low-cost transactions, features that are attracting more and more users, especially those who find Ethereum’s gas fees prohibitive.
The recent rise of the memecoin Goatseus Maximus (GOAT) has further strengthened the ecosystem. Consequently inspiring a new wave of memecoins related to artificial intelligence themes on Solana.
While experts remain cautious about the long-term sustainability of this trend, Solana’s diversified ecosystem, which includes DeFi and DePIN applications, indicates strong resilience in an increasingly competitive blockchain scenario.
The price of the crypto PEPE: how is it performing compared to Bitcoin Cash and Solana?
The PEPE token is near an essential support level while the bear pressure persists, highlighting a possible reversal point.
At the moment, PEPE is being traded at approximately $0.0000850, a level that could serve as primary support and contain any further bear movements.
In parallel, the PEPE community continues to grow, with over 212 new holders registered in just one day. This increase in the number of supporters suggests a growing interest in the token, even if the market remains volatile.
Analysts believe that post-election stability may reduce this volatility, providing a clearer framework for investors.
In terms of technical analysis, PEPE is currently oscillating near the lower part of the Bollinger bands, with a price of $0.00000845.
The 20-day moving average stands at $0.00000978, positioning itself above the current price, reinforcing a bear trend that acts as resistance.
To overcome this negative phase, PEPE will need to break both the moving average and the upper Bollinger band at $0.00001111.
The relative strength index (RSI) is at 41.48, suggesting slight bear pressure, but without entering oversold territory (below 30), where trend reversals usually occur.
According to the analyst Pidgeon on X, the key support level is set at $0.00008500. If the price bounces from this level, it could reach a resistance at $0.00009800.
With a subsequent target at $0.00013500 if the uptrend should consolidate further. On the contrary, a drop below $0.00008400 could trigger a decline towards the supports at $0.00007800 and $0.00007050.
Confidence in the community remains high, and some consider these prices an entry opportunity, expecting greater stability after the elections.
