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The GameStop price rose 51% in the last 24 hours to trade at $0.02035 as of 03:12 a.m. EST on trading volume that skyrocketed 705% to $145 million.
It comes amid hype around the resurfacing after three years of Roaring Kitty, AKA Keith Gill, the personality behind the GameStop stock saga in 2021.
Jim Cramer might take credit for the latest part of the pump though. After he said that the GameStop (GME) stock asset is overvalued, GME soared 92%.
2021: Jim Cramer said $GME is overvalued, price pumped 92%.
2024: Jim Cramer says to sell GameStop $GME and $AMC Entertainment stocks.
If you know him, you know what it means ! pic.twitter.com/0zcdvQary5
— Mystery of Crypto (@Mysteryofcrypt) May 15, 2024
GameStop Price Aiming For A New All-Time High Over The Bullish Pennant
The GameStop price has been on a tear, soaring 3,675% in the last week to an all-time high (ATH) of $0.02167 on May 15, data from GeckoTerminal shows. This price acts as the immediate resistance level that the bulls need to overcome to push the price above the bullish pennant pattern.
GME trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish rally to the upside.
The Relative Strength Index (RSI) indicates that investors are currently in a buying frenzy, with the RSI currently trading at 66 as it heads up. If the bullish stance continues, the RSI could rise above the 70-overbought region, signaling the start of a strong bullish trend to the upside.
Moreover, the Moving Average Convergence Divergence (MACD) forms a bullish crossover, with the MACD line (blue) crossing over the signal line (orange), an indication that the bulls are buying more.
The green bars forming above the zero line are also a signal that GME is on a positive momentum. The Average Directional Index (ADX) trades at level 58, over the 50 level, showing that GME is currently on a very strong bullish trend.
GameStop Price Prediction
The GameStop price analysis indicates that GME is poised to soar over the bullish pennant, as the bulls aim to propel the price to a new ATH above $0.030.
However, if the bears take control of the price, GME could go down through a retrace back to $0.01192, which coincides with the 50-day SMA.
Meanwhile, as the GME price soars, other investors are buying into the Mega Dice presale, a GambleFi project that’s already garnered over $1 million in its presale.
Mega Dice Presale Blasts Past $1 Million – The Next 100X Gem?
Solana’s blockchain projects continue to grab attention in the meme coin space. One of them, currently in its presale, is Mega Dice (DICE), a token for gaming and gambling.
The Mega Dice platform has continued to gain a reputation as one of the fastest-growing crypto casinos, boasting over 50,000 active players and a monthly turnover that exceeds $50 million. It also offers over 4,000 games and a sportsbook that has a wide variety of options for users.
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With its ICO launch, Mega Dice has become the first GambleFi project on the Solana blockchain. The project looks to challenge casino sector titan Rollbit Coin and follow in the footsteps of a presale like that of TG.Casino, which soared 4X on launch.
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Join the $DICE presale and be part of the next gem gaming token – $600K already raised! 🚀
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Why should you consider joining the $DICE presale? 👇 pic.twitter.com/nTtNHgrqDC
— Mega Dice Casino (@megadice) April 30, 2024
Token holders have the opportunity to earn passively by staking $DICE, with the team allocating 10% of DICE’s total 420 million tokens for staking rewards.
99Bitcoins, a crypto YouTube channel with over 700,000 subscribers, believe that $Dice could potentially soar 100X after its launch.
If you’d like to join the presale, you can buy $DICE on the official website here for $0.069 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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