Cultivating the next big move in meme coins

GameStop Price Prediction: GME, a company based in Solana memetic currency, has seen a significant increase in price in the last 24 hours after a bullish trend. The meme coin is trading higher, marking a robust increase in its market activity.

At the time of writing, GME price is trading at $0.008691 with a 17% increase during US trading hours. According to the data, the current market cap is around $59 million CoinMarketCap data.

Around-the-clock trading volume for GME is approximately $42 million, a significant increase of 30% from the previous day. This increase in trading volume suggests increased activity and interest from traders.

GameStop Price Prediction: How Much Will GME Go Up This Month?

GME token has risen 26% over the past week, driven by momentum in the meme-based cryptocurrency markets. The token is fluctuating between $0.0066 and $0.0093, showing bullish tendencies.

GameStop price prediction

From a monthly perspective, GameStop surged more than 85%, reaching an all-time high of $0.03207 on June 7. After a brief decline, it is now on the road to recovery. This rebirth coincides with the return of Roaring Kittenalso known as Keith Gill, in early May.

His influence has played a significant role in the token’s recent performance, alongside dramatic spikes in GameStop shares, which nearly doubled in pre-market trading following his activity.

Additionally, Roaring Kitty’s latest post on social media platform X contained an image of a dog. Today this post spurred similar gains in various pet-related stocks.

GME is now positioned alongside Dogwifhat (WIF) and Book of Meme (BOME) as one of the major players in the meme coin market. Given its current trajectory, GME could outperform its peers in June.

Technical indicators mount a bullish trend

GME is ready to break the resistance at $0.0084 if the current uptrend persists. Such a move could push its value towards the $0.01 handle. A further increase could take it to $0.1 in the near future or even $1 during a subsequent bull cycle.

In reverse, GME Price it may settle at the $0.0083 support level if investor confidence declines. A prolonged downtrend could soon lower its price to around $0.008. More downside pressure could send it lower to around $0.0079 shortly.

Daily technical indicators for GME/USDT are showing mixed sentiment among traders. The moving average convergence divergence (MACD) is currently signaling a bullish move as both the MACD line (blue) and the signal line are above the zero line.

GameStop Price Prediction | Source: TradingView

The Relative Strength Index (RSI) stands at around 52, indicating that the asset is neither overbought nor oversold. Chaikin Money Flow (CMF) is positive, indicating that buying pressure has exceeded selling pressure. In contrast, the Awesome Oscillator (AO) shows decreasing green bars, suggesting a potential slowdown in positive momentum.

Related Articles

Fuente