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The Roaring Kitty price plummeted 44% in the last 24 hours to trade at $0.008380 as of 03:22 a.m. EST on trading volume that plunged 39% to $12.4 million.
This comes after rumors that E-trade is having internal discussions about whether to ban Keith Gill, who uses the name ”Roaring Kitty” on X, from its trading platforms over concerns that he may be manipulating the market.
🚨 BREAKING:
ROARING KITTY MIGHT GET KICKED OFF E*TRADE
WSJ REPORTS GROWING CONCERNS OF POTENTIAL STOCK MANIPULATION WITH GAMESTOP PURCHASES
— RoaringKittyTracker (@kittytrcker) June 3, 2024
On Monday, GameStop shares soared after Gill posted a screenshot on Reddit, where he goes by the name “DeepFuckingValue,” showing he holds a $181.4 million investment in the company.
BREAKING: Roaring Kitty has finally posted on Reddit after 3 years.
The next 2 weeks gonna be wild
He has $65M worth of $GME Gamestop calls with a $21 strike expiring in 19 days…
He also has $115M of shares, making his total position close to $200M in Gamestop.
OMG 😲 pic.twitter.com/qPyeUZz0ng
— ShifuWealth (Mpmc,CFWC) (@shifuwealth) June 3, 2024
According to the brokerage firm, Gill bought call options in May before he posted on X, with the same contracts expiring that same week, which means he likely locked in profits.
After his post on Reddit, the GME stock surged, alongside altcoins associated with the meme stock, with GME soaring over 200% after the post. However, with news allegations of possible market manipulation, the altcoins have experienced a significant downturn, with GME down 2% in the last 24 hours.
Before the post, the Roaring Kitty price was trading within a consolidation channel, as the bulls and the bears struggled for dominance around $0.0028, data from GeckoTerminal shows.
After Gill’s post, the bulls won the struggle, pushing KITTY over the upper boundary of the channel, rising over 900%. However, KITTY retraced slightly to the current price, within the upper boundary of the channel.
Roaring Kitty Price Price Prediction
KITTY trades well above the 50-day and 200-day Simple Moving Averages (SMAs), which still supports the bullish prospect despite the retrace.
Moreover, the Relative Strength Index (RSI) trades within the 50-midline region, currently at 54, which is an indication that KITTY is currently in equilibrium as the bulls aim to push the price over the consolidation channel.
The Moving Average Convergence Divergence (MACD) also shows signs of bullish potential, with the blue MACD line crossing above the orange signal line, representing a bullish crossover, which could push the bulls to add to their positions.
The Roaring Kitty price analysis shows a bearish trend with signs of a bullish trend reversal over the consolidation channel, as the main indicators show that investors are buying. With the RSI and MACD offering some bullish prospects for optimistic investors, the bulls are currently targeting $0.04.
However, the 50-day SMA crosses below the 200-day SMA, forming a death cross at $0.0037, which could push the bears to exert more pressure on the price. In such a scenario, the bulls could retreat to the support level around $0.0048.
With the KITTY bulls searching new buy signals, some meme coin lovers are turning to WienerAI after it amassed over $4.2 million in presale.
WienerAI Presale Hurtles Past $4.2 Million – Best Meme Coin To Buy Now?
WienerAI (WAI) is part dog, part sausage and part AI trading bot. Its recently introduced trading bot is an investment partner that’s designed to give holders the advantage they’ve long searched for in crypto markets.
This is getting WILD
SO happy to be on this journey with you all
SO MUCH MORE AHEAD 🌭🤖 pic.twitter.com/kWq22xWfSw
— WienerAI (@WienerDogAI) June 3, 2024
It uses predictive technology and a user-friendly interface, which provides users with advice on when to buy and sell crypto.
UPGRADE your trading strategy.
The WienerAI Trading Bot will be your trusted trading companion, leveraging AI to make savvy and predictive moves in a dynamic market. pic.twitter.com/uYCRAWRd2N
— WienerAI (@WienerDogAI) June 1, 2024
The WienerAI project is not dissimilar to another recent presale, Scotty the AI (SCOTTY), which amassed over $10 million in funds raised.
WAI token holders can earn passively through the platform’s staking option, which provides an annual percentage yield (APY) of 252%.
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
According to CryptoBoy, a prominent crypto YouTuber with over 40K subscribers, $WAI has the potential to surge 100X after its launch.
If you are interested in participating in the presale, you can buy the token for $0.000714. But hurry as the price will increase in about two days.
You can buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.
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