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The GameStop price has dipped 15% in the past 24 hours to trade for $0.003947 as of 00:58 a.m. EST on trading volume that slid 10%.
It comes as investors book early profits after GSTOP surged 56% on Monday. With the bears cutting back on some of the ground covered the previous day, the GameStop price remains below the centerline of the ascending parallel channel.
The surge had been attributed to GameStop (a newly launched token not to be confused with GME) sending a direct message to Roaring Kitty, asking for his endorsement.
We sent @TheRoaringKitty direct messages earlier. 😏
It will be worth it, if he reads it, there is a good chance that he will support our $GSTOP on $ETH.
Be patient and soon we will be the largest #GameStop token in crypto! 🚀🚀🚀#GSTOP #GME $GME #ETH #roaringkittyisback pic.twitter.com/SWhBMbVFyA— GameStop | On ETH 🎮 (@ETHGameStop) May 26, 2024
Roaring Kitty, whose real name is Keith Gill, played a significant role in the Gamestop stock saga that took place in early 2021. Through his YouTube videos and Reddit posts on the subreddit WallStreetBets, he shared his bullish thesis on GameStop stock. This encouraged others to invest in the company.
His analysis and commentary helped spark a buying frenzy among retail investors. This led to a massive short squeeze on Wall Street hedge funds that were betting against GameStop’s stock. As a result, the stock price soared dramatically, causing a significant disruption in the financial markets and attracting widespread attention.
Roaring Kitty’s actions and public statements regarding GameStop ultimately made him a prominent figure in the stock market world during that period. With the recent direct message from GameStop to Roaring Kitty, markets were betting on the rally that duly came.
But in the absence of an immediate response from Keith Gill, GSTOP token holders have been quick to book profits.
GameStop Price Prediction As GSTOP Holders Cash In For Early Profits
The GameStop price is trading with a bullish bias despite the 156% correction on Tuesday. However, its upside potential remains capped below two key levels, the midline of the ascending parallel channel and the trendline of the Fibonacci retracement indicator.
A look at the GSTOP/USD trading pair for the four-hour timeframe shows that the Relative Strength Index (RSI) remains above the mean level of 50. This shows that bullish momentum continues to abound in the GSTOP market.
The Moving Average Convergence Divergence (MACD) is also moving above the orange band of the signal line. It points to the presence of bullish sentiment in the GSTOP market. Additionally, the presence of the MACD in positive territory adds credence to the bullish thesis.
If the bulls increase their buying pressure, the GameStop price could overcome the midline resistance as well as that due to the trendline of the Fibonacci indicator. A flip of these supplier congestion levels into support floors would provide the jumping-off point for a continuation of the climb.
Further north, the next level to overcome would be the $0.005000 psychological level. A stable close above this barricade in the four-hour timeframe would entice more bulls. The ensuing buying pressure could send the GameStop price to reclaim the $0.005821 range high.
GeckoTerminal: GSTOP/USD 4-hour chart
Converse Case
On the other hand, the RSI and MACD indicators are flat-lining. This, coupled with the dwindling nodes of the volume profile, show that the bears also have a formidable presence in the GSTOP market.
A rejection from the centerline of the ascending parallel channel could send the GameStop price lower. A slip below $0.003000 psychological level would produce a lower low, effectively invalidating the bullish thesis.
As the GameStop price confronts two key barricades, investors are piling into the DICE ICO, which is the first GambleFi project on Solana. The presale’s success is a key reason why 99Bitcoins, a prominent crypto YouTube channel with over 700,000 subscribers, believes that $DICE has the potential to soar 100X after its launch.
Promising Alternative To GameStop
DICE is the powering token for a trending new Solana GameFi project Mega Dice, which has smashed through the $1.257 million milestone in its ongoing presale.
$DICE presale has raised $1.2 Million 🚀
Current tier price: 0.075 💰
Current presale target: $2M 💰We're implementing multiple tiered price increases, so make sure to secure your #DICE early!
Don't forget, you can now utilize your $DICE directly in our Web and Telegram… pic.twitter.com/hDBMJ9y5s7
— Mega Dice Casino (@megadice) May 27, 2024
Mega Dice was launched last and quickly became one of the top brands in the crypto casino space by focusing on adding value to community members.
The Mega Dice token serves as the platform’s utility token. This enables users to access premium content, participate in community governance, and redeem exclusive rewards and benefits.
You can now use your $DICE directly on https://t.co/IxYH6SDZrE and https://t.co/QhS5uUOKEb on Telegram! 🍾
Find out more what you get access to when wagering with $DICE below: 👇
Join the leading GameFi token on #Solana today 🏆 pic.twitter.com/B19p3MDaja
— Mega Dice Casino (@megadice) May 14, 2024
Standing among the fastest-growing crypto casinos, Mega Dice boasts 11,000 members who wager more than $50 million every month. It also offers over 4,000 games and a sportsbook that has a wide variety of options for users.
Another milestone reached here at Mega Dice Casino 🤩
We now have 11,000 members in the $DICE Telegram community 📈
BUY $DICE NOW 🏆
🔗 https://t.co/Pk6R16oOKk pic.twitter.com/4PUnflgFsX
— Mega Dice Casino (@megadice) May 27, 2024
The project’s season 2 airdrop is still on and offers participants a chance to get a share of $750,000 allocation.
Our Season 2 AIRDROP is still ongoing! Don't miss your chance to grab a share of the $750,000 airdrop! 😍
The $DICE presale has already reached $1.3M and is well on its way to the next target of $2M! 🚀
Remember, 1 $DICE = 0.075. Price will increase when we hit $2M🚀
— Mega Dice Casino (@megadice) May 24, 2024
DICE distributes a share of profits to its users daily through its novel staking system, and pays a 10% commission on all referral purchases.
If you’d like to join the presale, you can buy $DICE on the official website for $0.075 per token using BNB, ETH, or SOL.
Also Read:
- How to Buy Mega Dice Token – $DICE Presale Review
- Solana Token Presales Heat Up with Mega Dice and Sealana Topping $1 Million
- Hot New Solana GameFi Token Mega Dice Blasts Past $1 Million Raise In Crypto ICO
- Mega Dice Presale Has Already Attracted Half a Million – Top GameFi Crypto on Solana?
- Michael Wrubel’s Insights on Mega Dice Crypto Presale – Why He is Bullish on the GameFi Token?
Mega Dice - Newest GambleFi Token
- Established Crypto Betting Brand
- Featured In Cointelegraph - First Licensed Telegram Casino
- Presale Live Now - megadicetoken.com
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