- The GME price is up by 28% in an intraday session.
- The RSI at 97 indicates intense buying pressure.
- GameStop crypto’s price has traveled from an all-time low to an all-time high in just 3 days.
According to the chart structure, the GME price has jumped from an all-time low to an all-time high in just 3 days. The price has surged by 3000% in the past 3 days, indicating the bulls’ grasp.
Since February, the GME price has been in a bearish trend and has struggled below the 20-day exponential moving average. It has recently triggered a breakout with a strong bullish candlestick, and trading volume has also surged violently.
At press time, the GME crypto price traded at $0.0158, up 29% in the past 24 hours. The market capitalization is $120.23 Million, and the 24-hour trading volume is $183.07 Million. The circulating supply and total supply are 6,885,214,218 GME.
GME Holders Increased to 40K+
We've hit another milestone with another 10K red headbands joining us. Let's keep pushing forward! 🔥 $GME #GMEonSOL pic.twitter.com/hHtHMHCffS
— GMEonSol 🎮 (@gmecoinsol) May 14, 2024
According to the source from X, GameStop crypto has achieved another milestone with another 10K headbands. The GME crypto holders have increased to 40K+, which may lead to sustaining recent gains.
GME Crypto Price is Near All-Time High; What’s Next?
GameStop’s price has witnessed strong buying pressure for the last 3 days and reached an all-time high. If the trading volume is sustained, profit booking doesn’t occur; the price may maintain the high.
If the asset price consolidates at a high and buyers remain strong, then a breakout may be triggered. If the price triggers a breakout with a rise in trading volume, it may perform positively in the long term.
Alternatively, if the GME price fails to sustain the ATH and shows weakness, holders may eye for profit booking because of the huge change in the price. A small change in the price may turn into a significant shift in gains, so strong selling pressure can be seen if the price forms a bearish, engulfing candlestick pattern.
Based on the technical indicators, the GME crypto price is trading far over the key moving average, demonstrating the bullish momentum. RSI is 97 and enduring in the overbought zone.
Conclusion
The GME cryptocurrency has experienced an extraordinary price and trading volume surge, leading to a significant increase in holders. The possibility of sustaining these gains and potential future price movements will largely depend on trading volume, buyer strength, and the ability to avoid profit booking.
Technical indicators suggest a bullish momentum, but there is also a risk of a potential bearish trend if the price fails to sustain its all-time high.
Technical Levels
Based on the technical chart, the GME cryptocurrency may face resistance from the $0.0160 and $0.0370 marks. If the price is reversed, it may take support on the $0.00650 and $0.00300 levels.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
