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The Roaring Kitty price slumped 40% in the last 24 hours to trade at $0.006310 as of 03:03 a.m. EST on trading volume that surged to $5.83 million.
The recent KITTY price rally followed a major surge that came after Keith Gill, known by the pseudonymous name Roaring Kitty, posted on X on May 13 for the first time in three years.
Gill is the person behind the GameStop stock saga in 2021, which saw Reddit traders overpower hedge funds that were profiting from short bets against the game store.
Who's sitting like this rn? 😼
CA: EKEWAk7hfnwfR8DBb1cTayPPambqyC7pwNiYkaYQKQHp#RoaringKitty #Roar #GME https://t.co/Sk9mmoNH2E
— Roaring Kitty! (@RoaringKSol) May 13, 2024
Hopes of a GameStop 2.0 after Gill’s return are now fizzling out, and with it the the price of tokens including KITTY and GameStop (GME).
Roaring Kitty Price To Rally Above The Falling Wedge
Following the GME price rally, KITTY roared through a markup phase to as high as $0.065 but has seen a major price correction since then, dropping within the confines of a falling wedge pattern, data from GeckoTerminal shows.
The Roaring Kitty price bulls are aiming to push KITTY over the upper boundary of the wedge, as they capitalize on the $0.003509 support to push the price.
KITTY is trading below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the current price correction.
The Relative Strength Index (RSI) is also moving up towards the 50-midline level, currently at 45, which shows that investors are moving in to buy.
However, the reading of the Moving Average Convergence Divergence (MACD) shows that KITTY could be breaking out towards a bullish rally, with the MACD line (blue) crossing above the signal line (orange), forming a bullish crossover. A bullish crossover encourages the bulls to buy more, which could prompt a positive price rally.
The green bars on the histogram extend over the zero line, which shows that KITTY is on a positive momentum.
Roaring Kitty Price Prediction
The Roaring Kitty price short-term analysis indicates that KITTY is currently on a bearish trend, supported by the death cross at $0.009755.
If the bears exert more pressure at this level, KITTY could go further down to the previous support at $0.0035.
However, with the RSI climbing up and the bullish crossover formed by the MACD, the bulls could end up buying more, which could push the price to the next resistance level of $0.017.
As the KITTY bulls aim to sustain a bullish stance over the falling wedge, some investors are shifting to the blowout Dogeverse ICO, which has raised more than $15 million and is now offering investors a last chance to buy.
According to Jacob Bury, a popular crypto YouTuber, $DOGEVERSE has the potential to explode after its listing on top-tier exchanges.
Dogeverse Presale Hurtles Past $15 Million – Last Chance To Buy Before Launch
Dogeverse (DOGEVERSE), the first chain-traveling DOGE, is an innovative project that bridges six blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Coinbase, Solana, and Layer 2 Base.
🌐 Embracing Inclusive Accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
By bridging the six blockchains, the token seeks to create a unified space for market participants and investors.
Dogeverse is inspired by the mascot Cosmo, which can hyperjump between crypto networks, allowing token holders to seamlessly bridge between various crypto chains.
Token holders can also earn passively through the platform’s staking option, with an impressive 55% annual percentage yield (APY).
You can participate in the presale by buying $DOGEVERSE for $0.00031 per token. Buy soon, though, before the team launches the token on major exchanges.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
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