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The GME price has gone ballistic, surging 505% in the last 24 hours to trade at $0.002391 as of 12:20 a.m. EST on a 6,507% surge in trading volume to $16.5 million.
GME is a meme coin on Solana that pays homage to the 2021 short squeeze of GameStop, according to CoinMarketCap.
GME Price Spikes On Anchor Support: Can The Bulls Sustain The Momentum?
The GME price has been in a tight range for a while and has settled nicely at the $0.0005021 support area. This support has boosted the bulls, pushing the price to reach the $0.001447 resistance level.
GMEUSDT Analysis. Source: Tradingview.com
Despite a recent downturn in bearish activity, bullish investors are preparing to push the price of GME beyond the $0.001447 mark, signaling a potential continuation of the upward trend.
The price is trading above both the 50 and 200 simple moving averages (SMA), which supports GME’s upward momentum and reinforces the overall bullish sentiment in the market.
Moreover, the MACD line is positioned above the signal line. The green histogram indicates heightened investor interest. This alignment suggests a strong bullish trend, with the MACD indicators showing positive momentum.
Furthermore, the Relative Strength Index (RSI) bouncing back from the midpoint of 50 to the overbought level of 70 indicates intense buying pressure.
GME Price Bulls May Push The Uptrend To A New High
Should GME continue its upward trajectory, it could rally back to the resistance level resting at $0.0005021. This sustained upward movement suggests that in the upcoming weeks, there’s potential for GME to achieve a new high, indicating a substantial recovery in its market worth.
Conversely, if GME struggles to breach this critical resistance, it might face increased selling pressure. In such a scenario, attention would be drawn to the $0.0007012 mark as a significant support level to monitor closely. This level would become crucial in determining whether GME’s price stabilizes or experiences further decline.
Sealana: The Next 10X Opportunity?
Meanwhile, investors are rushing to buy the new Solana meme coin Sealana (SEAL), which has just blasted past $500k in funds raised since launch 12 days ago.
#Sealana, making #Memecoins great again! 🇺🇸
Manifesto
1⃣ No Frogs 🐸
2⃣ Less Hats 🧢
3⃣ Many Whales 🐳
4⃣ Zero Rugs 📉
5⃣ More $SEAL 🦭 pic.twitter.com/FEImgpWxWz— Sealana (@Sealana_Token) May 7, 2024
Sealana is a plump seal immersed in the depths of the Solana Sea. Glued to his PC, he’s expanding by the day, trading his sleek figure for a trader’s diet of chips and canned tuna. His fixation on discovering the next major Solana meme coin keeps him engrossed, with his flippers constantly at work and his living room in disarray.
Sealana went multichain recently, allowing investors to access it through both Solana and Ethereum blockchains, making it easier for them to purchase.
👋Hey, y'all! 🇺🇸
We heard some of you are having some troubles buying $SEAL ❌ So, to make it easier for some of you lizard skin liberals, we’re making $SEAL #MultiChain allowing ya’ll to buy on #Ethereum! So grab a cold one, sit down and we’ll tell ya’ll how to fill your truck… pic.twitter.com/3dsuUScSbw
— Sealana (@Sealana_Token) May 9, 2024
Prominent crypto analyst and YouTuber Jacob Bury told his 38.4k subscribers that Sealana could be the next 10X opportunity.
Sealana is a ”send SOL” ICO with no timer, stages, hard cap, or even a white paper.
If interested, you can buy SEAL on the official website here. But hurry because with this type of ICO the presale can end suddenly.
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