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The GameStop price skyrocketed 58% in the last 24 hours to trade at $0.007611 as of 04:20 a.m. EST on trading volume that surged 74% to $83 million.
This development follows the return of Keith Gill, the figurehead of the GameStop saga in 2021, who made an internet appearance on May 13. Using the pseudonym “Roaring Kitty,” Gill posted several videos on X for the first time in three years, sparking a surge in GME before it cooled off.
In the past week, the GameStop price has surged by 132%, with GME hitting an all-time high (ATH) of $0.02167 on March 15, according to GeckoTerminal. GME then slumped, with the bulls retreating to the support level around $0.0037. Now comes a new shift in momentum with its latest pump after Gill posting again on social media late last week.
GameStop Price Set To Surge Over The Rounding Bottom
With the support around $0.0037, the bulls managed to push the price above the $0.0088 resistance, forming a rounding bottom pattern. GME bulls are now aiming to capitalize on this pattern to drive the price even higher.
Major indicators also suggest a bullish rally, with GME trading above both the 50-day and 200-day Simple Moving Averages (SMAs). The Relative Strength Index (RSI) is also trending upwards, indicating strong buying action from the bulls, with the RSI currently at 59.
GameStop Price Prediction
The GameStop price analysis on the 1-hour chart shows a bullish bias, as the price is set to soar over the rounding bottom pattern, with the current target set at $0.015.
However, the 200-day SMA crosses above the 50-day SMA, forming the death cross at $0.0065. A death cross could prompt a price retrace back to the support level of around $0.0055, which coincides with the 200-day SMA.
As the GameStop price continues to surge, other investors are turning their attention to the AI meme coin, WienerAI. This hybrid token aims to leverage its AI capabilities to emulate and surpass the success of other dog-themed tokens like DOGE and SHIB.
99Bitcoins, a crypto YouTube channel boasting over 700,000 subscribers, says that $WAI has the potential to soar 100X on launch.
WienerAI Presale Hurtles Past $2.3 Million – Best Alternative To Buy Now?
WienerAI (WAI) combines two of the hottest themes in crypto: meme coins and AI.
The project’s trading bot uses artificial intelligence to become an investment assistant for holders, analyzing markets to find the best trades.
Don't be left out in the cold.
GET IT WHILE IT'S HOT
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 pic.twitter.com/I69IUJanLC
— WienerAI (@WienerDogAI) May 8, 2024
The project imagines a bizarre future in which a sentient wiener dog/AI hybrid becomes “the universe’s most powerful cybernetic being.”
WienerAI is more than a trading bot
It's your AI trading companion!
More details coming SOON! pic.twitter.com/HG5C0tE6Rk
— WienerAI (@WienerDogAI) May 14, 2024
Since its launch in mid-April, Wiener AI has experienced significant success with the presale already garnering over $2.3 million.
🌭🤖2 MILLION WIENERS!!!!🌭🤖
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/gOQKIlihTq
— WienerAI (@WienerDogAI) May 17, 2024
Token holders can stake $WAI for an impressive 417% annual percentage yield (APY), with the team setting aside 20% of its total token supply for staking rewards.
CONGRATS!
WEENIES ARE BEING STAKED AND STACKED AT RECORD SPEED!
Get yours here: https://t.co/k7IFimoTWr
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/WCVGZRODer
— WienerAI (@WienerDogAI) May 11, 2024
If you are interested, buy soon because there will be a price hike in less than 3 days.
To participate in the presale, purchase $WAI tokens on the official website here for $0.000709 each. You can use ETH, USDT, or a bank card.
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