Solana
GameStop (GME) Solana Memecoin Hits New All-Time High, Is It Good to Buy GME Now?
GameStop(GME) The token rose 140% after trader RoaringKitty revealed his stock and options positions worth $586 million in Gamestop Stock. Although unofficially affiliated with GameStop, the GME cryptocurrency has caused a mirror impact and the value of digital assets has surged almost 3,000% since mid-May 2024.
The GME token is changing hands priced at $0.02663 with an impulsive 138% 24-hour surge, hitting its new all-time high of $0.277 today and a massive 610% weekly rally.
GME price still under uptrend
The Gamestop 1hr GME/CHART is drawing a parabolic surge indicating increased volatility and charting 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. The RSI is struggling to rebound as it sits at 76, above the oversold level of -70, indicating that buyers continue to enter 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 buy positions.
GameStop GME Token Price Prediction
After such a rally, traders often feel a stingy environment and swing traders simply wait for another trading session to begin. GME has created a scene that is both cautious and a buying opportunity.
Technical indicators, marker fundamentals, and crypto market overview all favor the continued push of GME tokens to new higher levels. The bulls aim to take control and form corrective sideways trades and aim for a $0.3 mark.
On the other hand, if the price action is affected by a downtrend, the price will retrace the lower support zones near $0.008.
Traders should keep in mind that GME crypto’s rise is due to positive influencer fundamentals, and these types of updates should be followed to see further growth. If investor sentiment persists, GME could soon hover around $0.3.