Can Your $100 In GameStop (GME) Turn To $1,000 This Bull Run?
The post Can Your $100 In GameStop (GME) Turn To $1,000 This Bull Run? appeared first on Coinpedia Fintech News
The GME coin price continues to display a strong bullish price action within the crypto market by rewarding its investors with a 112% return, from $0.004044 to $0.008596 within the past 24 hours.
The GameStop (GME) price recorded a massive surge of over 2,000% within hours during the past week after the resurfacing of Keith Gill who goes by the name Roaring Kitty. Following his post about a meme on the “X” platform after being under hibernation for over three years.
GameStop Token Hints At A Strong Bullish Reversal:
The latest sensational meme coin on the Solana blockchain, GameStop made its first appearance in the crypto market during the Solana-based memecoin rally in January 2024. The GME price quickly gained market attention, resulting in its price skyrocketing 58,000X within a short period.
This made the GameStop (GME) token one of the most successful memecoin on the Solana ecosystem alongside other memecoins such as the Bonk (BONK) and Dogwifhat (WIF) which had displayed a similar price action following their launch.
TradingView: GME/USDT
At the time of writing, the GME token was listed with a trading price of $0.00789189 and recorded a trading volume of $82.047 Million, a jump of +84.31% within the past day. Moreover, over the past seven days, it has added over 220%, indicating a strong bullish sentiment for this memecoin.
GameStop (GME) Market Sentiments:
The Simple Moving Average (SMA) displays a bullish sentiment in the crypto space by supporting the price chart.
Moreover, RSI continues to show an upward trend as it approaches the overbought range with its average hovering close to the mid-point.
Will GME Price Ever Go Back Up?
If the hype for memecoins continues to escalate, the market bulls will prepare to push the GME price toward its upper resistance level of $0.0200 by the month-end.
However, if the memecoin experiences an increase in the selling price, the GameStop price will plunge toward its crucial support level of $0.00237 in the coming time.
Filed under: Bitcoin - @ May 20, 2024 7:23 am