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GameStop Price Plunges 25% As Investors Pivot To This Chain-Hopping Dogecoin Derivative For Parabolic Gains

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GameStop Price
GameStop Price

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The GameStop price has plummeted 25% in the past 24 hours to trade for $0.02139 as of 02:48 a.m. EST.

Trading volume plunged nearly 10% as the GME mania that erupted last week after the re-emergence of Roaring Kitty continues to fade.

GameStop Price Prediction

While the general outlook for the GameStop price is bearish, lower timeframes point to a growing bullish trend. This is seen with the Relative Strength Index (RSI) holding above the mean level of 50.

For a continuation of the uptrend, however, the RSI must record a higher high. Meanwhile, the market continues to favor the downside, with the GameStop price holding below the 50% Fibonacci placeholder of $0.03470.

As shown in the chart below for the GME/USD trading pair, the GameStop price is barely holding above the 23.6% Fibonacci retracement level of $0.02074. With the RSI deviating to the south, which shows falling momentum, the GME price could drop.

If the 23.6% Fibonacci retracement level fails to hold as a support floor, the price could roll over, potentially going to the depths of $0.00827.

The Moving Average Convergence Divergence (MACD) histograms are also paling out, a sign that the previous bullish sentiment is fading.


GeckoTerminal: GME/USD 4-hour chart

On the other hand, if the bulls show resolve and hold the RSI above the 50 mean level, a higher high on this momentum indicator could facilitate an uptrend. Notably, the MACD continues to hold above the orange band of its signal line, suggesting the bulls are still on the scene. The position of the RSI above the mean level of 50 adds credence to this supposition.

Traders looking to take long positions on GME should therefore wait for the GameStop price to record a stable candlestick close above the 50% Fibonacci placeholder of $0.03470. For the more conservative hands, however, a candlestick close above the most critical Fibonacci retracement level of 61.8% would be a better entry. This means a decisive break and close above $0.04094 in the four-hour timeframe.

Meanwhile,  some investors are shifting funds into DOGEVERSE, a chain-hopping Dogecoin derivative that YouTuber Jacob Bury says has the potential to surge 100X after launch.

Promising Alternative To GameStop

Dogeverse (DOGEVERSE), the world’s first chain-traveling Doge, continues to make waves as a presale gem in the crypto space. This is after successfully amassing over $15 million in funds raised. The project is now offering investors a last chance to buy as it gears up for launch.

Dogeverse allows users to buy and trade on various blockchains, spanning Ethereum, Binance Smart Chain, Polygon, Avalanche, Coinbase, and Solana.

This unique approach offers users enhanced flexibility, allowing seamless token transfers across networks. It also minimizes transaction fees.

Moreover, by existing on multiple blockchains, Dogeverse gains exposure to diverse ecosystems. This provides access to a broader user base and unlocks unique functionalities inherent to each blockchain.

The project’s mascot, Cosmo the Doge, has the ability to hyperjump between crypto networks. This gives Dogeverse the ability to move across chains, which makes the token widely accessible within the crypto realm.

Users can earn passively through the platform’s staking system, with an impressive annual percentage yield (APY) of 53%.

Each DOGEVERSE token is priced at $0.00031. If you are interested, buy soon before its imminent launch.

Visit and buy Dogeverse tokens here.

Also Read:

Dogeverse - Multichain Meme Coin


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