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The GameStop price pumped 7% in the last 24 hours to trade at $0.00009788 as of 4:55 a.m. EST on trading volume that surged 33% to $1.59 million.
This rise in the GME price comes after GameStop said on Tuesday that its board has unanimously approved adding Bitcoin as a treasury reserve asset.
BREAKING: GameStop, $GME, has approved an update to its investment policy to add Bitcoin as a treasury reserve asset.
— unusual_whales (@unusual_whales) March 25, 2025
GameStop Price Could Keep Soaring
The GME price on the 4-hour chart exhibits a classic cup-and-handle pattern, a bullish continuation formation that often signals a potential breakout.
The cup portion of the pattern formed as the GameStop price went through a rounded bottom, marking a transition from a downtrend into an uptrend.
Meanwhile, the handle followed a period of consolidation, where the price of GME action retested support before attempting a breakout.
A key support zone has already formed around $0.00009202 – $0.00009788, where the price has repeatedly bounced, according to GeckoTerminal data. This suggests buyers are stepping in to defend this level, preventing further downside.
The price of GameStop recently attempted to break out above the handle but faced resistance, leading to a minor pullback. However, the structure remains bullish as long as the price holds above the support zone.
The 50 Simple Moving Average (SMA) on the 4-hour chart is currently at $0.00009854, and the price is hovering around this level. A strong move above this SMA could signal renewed bullish momentum.
Meanwhile, the 200 SMA at $0.00009202 slows downward, indicating that GME is still recovering from a bearish phase.
The Relative Strength Index (RSI) is currently at 48.87, which is neutral. This suggests that the market is neither overbought nor oversold, leaving room for a breakout. A move above 50 would indicate growing bullish momentum.
GME Price Prediction
Given the cup-and-handle formation and strong support at the $0.00009202 – $0.00009788 range, the GME price appears poised for an upside move.
A confirmed breakout above $0.00001050 could trigger further bullish momentum, potentially targeting the $0.00001200 – $0.00001400 resistance zone in the near term.
However, if the GameStop price fails to hold above the key support zone, it could retest lower levels around $0.00008500 before another breakout attempt.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL) , which will give token holders free Bitcoin.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Surges Past $4.1 Million – A Promising Alternative
Interest in Bitcoin-linked projects remains high, with newcomer BTC Bull Token now charging towards the $5 million mark in the first month of its presale.
The project aims to reward token holders with actual Bitcoin when BTC crosses certain price thresholds for the first time, starting with $150,000. These rewards continue with each $50,000 increase in Bitcoin’s price thereafter, potentially giving holders multiple opportunities to earn actual BTC without directly buying it.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
Beyond the Bitcoin rewards, the project also incorporates token burns that kick in when BTC reaches $125,000.
Bitcoin Bull token holders can also earn passively by staking the tokens for a 103% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL for $0.00243 each using BNB, ETH, USDT, or a bank card. To lock in the best deal, investors will want to buy BTCBULL before a presale price hike in less than 2 days.
Learn more about BTC Bull Token.
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