{"id":525836,"date":"2024-05-27T07:53:11","date_gmt":"2024-05-27T07:53:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=525836"},"modified":"2024-05-27T07:53:11","modified_gmt":"2024-05-27T07:53:11","slug":"gamestop-price-prediction-gstop-soars-56-but-investors-are-rushing-to-buy-this-dogecoin-derivative-before-time-runs-out","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/gamestop-price-prediction-gstop-soars-56-but-investors-are-rushing-to-buy-this-dogecoin-derivative-before-time-runs-out","title":{"rendered":"GameStop Price Prediction: GSTOP Soars 56%, But Investors Are Rushing To Buy This Dogecoin Derivative Before Time Runs Out"},"content":{"rendered":"

The GameStop price soared 56% in the last 24 hours <\/span>to trade at $0.003680<\/span><\/a> as of 00:12 a.m. EST on trading volume that rose 21% to $6.9 million.<\/span><\/p>\n

GameStop Price Set To Soar Over The Current Resistance Level<\/span><\/h2>\n
\"GameStop
GSTOPUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

The GameStop price has been on a steady rise since its launch, registering new highs every day. In the last two days, the bulls have capitalized on the major support level at $0.002390 to push the price in the last day through a markup phase as it hit an all-time high (ATH) of $0.005895, data from <\/span>GeckoTerminal<\/span><\/a> shows.<\/span><\/p>\n

However, the resistance at $0.005895 has allowed the bears to drive the price slightly down to the current price while still fluctuating within what resembles a bullish pennant pattern.<\/span><\/p>\n

GSTOP trades well above the 50-day Simple Moving Averages (SMAs), which act as the critical support level at $0.003250.<\/span><\/p>\n

The Relative Strength Index (RSI) is, however, on a retrace from the overbought region, as it trades down to the oversold levels, currently at 48.<\/span><\/p>\n

Moreover, the Average Directional Index (ADX) is moving up to 36 above level 25, indicating that GSTOP is still on a strong bullish trend.<\/span><\/p>\n

GameStop Price Prediction – Bulls Aiming For A New ATH<\/span><\/h2>\n

The GameStop price technical analysis shows a bullish bias, with the bulls aiming to push the price above the $0.005895 resistance, as they aim for $0.008490.<\/span><\/p>\n

However, if the bears exert more pressure, GSTOP will breach the $0.003250 support level to reach the next support level at $0.002838, which acts as a cushion against downward pressure.<\/span><\/p>\n

As the GSTOP price aims for a reversal towards a new ATH, other meme coin enthusiasts are buying Dogeverse, which has raised more than $15 million in its blowout ICO and is now giving investors a last chance to buy.<\/span><\/p>\n

According to Jacob Bury, a prominent crypto YouTuber, Dogeverse has the potential to surge by 100X after its launch.<\/span><\/p>\n