🔥 Biggest Altcoin Gainers of the Second Week of November 2024

For some market observers, that may not be surprising as meme coins seem to have led gains on a number of occasions this cycle. That said, the top two altcoin gainers, frog-themed Pepe (PEPE), and Solana-based Bonk (BONK).

🔸 Pepe (#PEPE )

PEPE’s price skyrocketed by 118% this week, reaching a new all-time high. This performance secures its spot among the top altcoin gainers of the week.

First, US-based brokerage firm Robinhood announced that it had listed it. Around the same period, Coinbase also confirmed doing the same on its spot market. As a result, PEPE’s price moved from $0.000013 to $0.000023 within a few days.

On the daily chart, PEPE has faced resistance at $0.000023, suggesting that bears are working toward pulling the price back. However, bulls also appear to be defending support at $0.000021.

Should bulls win the battle, then the meme coin could rally to a new all-time high of around $0.000026. On the other hand, a rise in selling pressure could render this thesis null and void, and PEPE could drop to $0.000016.

🔸 Bonk (#BONK )

Bonk surged over 100% this week, securing its position among the top altcoin gainers amid a broader rally in meme coin prices.

The listing sparked a surge in demand for the Solana-based meme coin, fueling its impressive performance. Like Pepe, BONK’s price also surged to a new all-time high.

Currently trading at $0.000043, the daily chart shows that the token is well above the 20 and 50 Exponential Moving Averages (EMAs). The EMA measures trend direction over a period of time. When the price is below it, the trend is bearish.

However, since BONK is above both, it indicates that the trend is bullish. Should this remain the same, the altcoin’s price could rally toward $0.000049. On the flip side, a pushback by sellers might invalidate this bias, and this could draw the price back to $0.000037.