GameStop (GME) The Solana Memecoin Hits New All-Time High, Is It Good To Buy GME Now?
The post GameStop (GME) The Solana Memecoin Hits New All-Time High, Is It Good To Buy GME Now? appeared first on Coinpedia Fintech News
GameStop(GME) Token rallied 140% after the trader RoaringKitty revealed his stocks and options positions worth $586 million in Gamestop Stock. Despite being unofficially affiliated with GameStop, the cryptocurrency GME has caused a mirror impact and the digital asset value surged nearly 3000% since mid-May 2024.
GME token is changing hands at the price of $0.02663 with an impulse 24-hour rise of 138%, hitting its new all-time high of $0,277 today, and a massive weekly rally of 610%.
GME Price Still Under the bullish trend
The Gamestop 1hr GME/CHART draws a parabolic surge indicating increased volatility, and plotting new higher highs. The chart reveals new support points at $0.0086 and $0.00777 and the price is trading near its All time-high value.
GME price is now trading above its 50-day and 100 SMA, this is a bullish signal. RSI is struggling to rebound as it is reading at 76, above the oversold level of -70, indicating the buyers are still entering the positions.
The Moving Average Convergence Divergence (MACD) prints a bullish trend, the MACD line can be seen crossing the orange trigger line, encouraging bulls to form more buying positions.
GameStop GME token price prediction
After rallying to such a big extent, traders often feel a greedy environment, and swing traders just wait for another trading session to start. GME has created a scene that is both cautious and a buying opportunity.
The technical indicators, marker fundamentals, and crypto market overview all favor the further push of GME tokens to new upper levels. The bulls aim to take control and form corrective-sideway trading and aim toward a $0.3 mark.
In contrast, if the price action is hit by a bearish trend, the price will retrace lower support zones near $0.008.
Traders must keep in note that, the GME crypto surge is due to the positive influencer fundamentals, and this kind of updates should be tracked to see further growth. If the investor sentiment continues the GME can be soon seen in the range of $0.3.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings