The Daily Breakdown explores the crypto space with a deeper dive into Pepe and Aptos. Uber’s weekly chart has bulls looking for support.
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Crypto Corner
We’re continuing our talk about the ins and outs of the crypto market, helping investors to get more familiar with the 100+ cryptoassets offered by eToro. Today we’ll discuss Pepe and Aptos.
Pepe (PEPExM): Currently trading near $4.47 with a market cap of roughly $1.9 billion
Pepe is an Ethereum-based meme coin launched in April 2023, inspired by the “Pepe the Frog” internet meme and built to “make meme coins great again.” With 93.1% of its 420.69 trillion supply added to liquidity at launch, PEPE quickly became a viral sensation, surpassing $100 million in market cap within days. The project has no formal team, roadmap, or enterprise structure — embracing full decentralization and community governance. Its growth is driven by meme culture, social momentum, and integrations across DeFi and NFT platforms.
Aptos (APT): Currently trading near $2.25 with a market cap of roughly $1.7 billion
Aptos is a high-performance Layer-1 blockchain developed by former Meta engineers, built using the Move programming language for enhanced security and efficiency. Launched in 2020, it uses parallel execution and modular design to achieve scalability of up to 160,000 transactions per second. The APT token powers transaction fees, staking, and governance. Supported by the Aptos Foundation and a decentralized validator network, the protocol focuses on developer-friendly tools, frequent upgrades, and expanding partnerships across gaming, DeFi, and payments — driving adoption within the broader Web3 ecosystem.
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The Setup — Uber
In September, Uber climbed to all-time highs around $100, which proved to be resistance as the stock has since pulled back into the $80s. Despite the decline, shares are still up about 35% so far this year and bulls are hoping this dip helps refresh the recent rally.
The $80 to $83 area was resistance throughout 2024 and into Q1 of 2025. However, Uber eventually broke out over this area, then found it as support. Combined with the rising 50-week moving average (similar to the 200-day), bulls are hoping Uber can find support again and rebound higher in the ensuing weeks. If support does not materialize, more selling pressure could ensue.
Options
As of November 24th, the options with the highest open interest for UBER stock — meaning the contracts with the largest open positions in the options market — were the December $100 calls, followed by the January 2026 $100 calls and the January 2026 $110 calls.
Investors who are bullish could consider calls or call spreads as one way to speculate on further upside, while bearish investors could consider puts or put spreads to speculate on a further move to the downside. For options traders, it may be advantageous to have adequate time until the option’s expiration.
To learn more about options, consider visiting the eToro Academy.
What Wall Street’s Watching
AVGO
Broadcom soared on Monday, gaining more than 11% on the day. For a company worth roughly $1.8 trillion, that’s a huge one-day move. Now shares are up about 4% in pre-market trading today, as semiconductor bulls hope that Broadcom can continue higher. If this morning’s gains hold up, Broadcom appears set for fresh record highs. Check out the charts for AVGO.
GOOG
Broadcom is popping in pre-market trading and so is Alphabet. However, the rally for GOOG, which closed at all-time highs yesterday, comes at the expense of Nvidia and Advanced Micro Devices. That’s following reports that Meta may use Alphabet’s chips in its data centers in 2027. With the recent rally, Alphabet is now the third most valuable company in the world, trailing only Apple and Nvidia. Dig into the fundamentals for GOOG.
BABA
Shares of Alibaba are in focus this morning, rising in pre-market trading as investors look past the drop in profit and focus on the company’s better-than-expected revenue results. Cloud computing revenue climbed 34%, while Alibaba continues to invest in AI and its quick commerce initiative. Shares are up ~90% so far this year, but the average analyst price target is still near $200.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.
