GameStop (GME), a meme coin on the Solana blockchain, attracted attention during a crypto market resurgence.
GME token hits $0.019, its highest since Feb 6th, surging over 4,700% from this year's low.
Despite the recent decrease, GME demonstrated remarkable growth, soaring by 3900% in just 2 days.
However, the hype surrounding the GameStop rally seems to have subsided, suggesting potential downturns in the coming days as speculative interest wanes.
GME experienced a significant decline, dropping by 47% in the last 24 hours to $0.00830000.
Currently, GME has breached the 50% Fibonacci retracement level and is now seeking support at the 61.80% Fibonacci level.
According to Coin Gabbar analysis, there's a possibility of a strong rebound towards $0.01200000 and $0.02000000 if the current support remains intact.
However, if the support fails, $0.0065000 becomes a crucial level to monitor, with $0.0025000 serving as the subsequent support threshold.
KEY LEVELS :
RESISTANCE LEVEL : $0.01250000-$0.02000000
SUPPORT LEVEL : $0.00650000-$0.00350000
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