GameStop Price Prediction: GSTOP Plummets 9% After Roaring Kitty Reddit Post Indicates Huge GME Investment And The PlayDoge ICO Goes Parabolic
The GameStop price dropped 9% in the last 24 hours to trade at $0.00328 as of 4 a.m. EST on trading volume that surged 55% to $14.4 million.
The token’s price dropped after Keith Gill, known as Roaring Kitty on X and who played a big part in the GameStop short squeeze in 2021, recently disclosed on Reddit that he held a $181.4 million investment in GME stock.
Gill, known as DeepFuckingValue on Reddit, caused the price of GameStop (GME) to skyrocket 250% in the last 24 hours even as the GSTOP token plummeted.
After trying to reach the resistance at $0.0050, the token suddenly crashed to $0.0032.
GameStop Price Prediction
GameStop (GSTOP) has seen quite a bit of volatility in the last several days. For the most part, the token fluctuated between a resistance at $0.0050 and a support at $0.0030.
On May 30 and 31, the project managed to briefly head up toward $0.0060, although it quickly corrected and returned between the previously mentioned levels.
Now, with new attention on GameStop, Roaring Kitty, and the meme sector, in general, the GSTOP token could potentially see another price surge in the immediate future.
Several trading signals point to the fact that its price might go up soon, such as Bollinger bands, which have gotten extremely wide with the start of the new week — more so than at any point in the past four days.
This is a very bullish signal which should not be ignored by anyone looking to earn from GameStop.
Another signal that suggests major upcoming gains is the project’s Relative Strength Index (RSI) value, which recently crashed to the oversold zone, only to then grow slightly toward the neutral area.
This suggests that many have sold GSTOP in order to take profit over the weekend, eventually overselling the token. Then, once it reached the oversold area, traders moved in to buy the dip. So far, the bullish momentum that started to form from these traders has only taken the RSI score back to the neutral zone, but as more traders and investors join, it will likely surge to the overbought zone once again, thus continuing the cycle.
Alternatively, the price could just keep going up, if it gets dragged into the rally. For now, a new attempt to surge back up to $0.0050 is expected, but due to increased volatility, traders should be ready for anything over the next few days.
Promising Alternatives to GameStop
While GameStop can be quite unpredictable and surge when it is least expected, investors who are looking for something with tangible long-term prospects might want to consider buying PlayDoge (PLAY) .
This is a project with a mobile-based play-to-earn game that transforms the iconic Doge meme into a Tamagotchi-style 2D digital pet.
The project launched on May 28 and has already raised over $1.49 million, indicating massive demand.
PlayDoge straddles three hot industry sectors that all have huge future growth potential: gaming, P2E, and meme coins.
Anyone interested to invest in PLAY can do so with BNB, ETH, USDT, or a credit/debit card.
Buy PlayDoge on the official website here.
Related Articles:
- How to Buy PlayDoge – $PLAY Presale Review
- PlayDoge Price Prediction – PLAY Price Potential in 2024
- Dogecoin Mobile P2E Meme Coin Competitor PlayDoge Price To Skyrocket 170x, Lowest Ever Presale Price Ends Soon
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Daily: ECB President Lagarde rejects bitcoin for Eurozone reserves while the Czech central bank considers it and more
European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.
'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT
The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”
Kiyosaki Dumps Gold and Silver, Projects Bitcoin at $250K by 2025
Bulls Eye Reversal as Solana Tests Support After 25% Drop