GameStop token saw a massive rally exceeding 4000%, succeeded by an 82% price decline, hitting a low of $0.00340761.
Recent trading has kept the token within the range of $0.00370 to $0.00540, with a correction of about 30% over the past week.
A significant 34.50% surge in the GME coin price in the last day indicates a potential bullish reversal.
The token breached a symmetric triangle pattern on the 4-hour timeframe, signaling a bullish trend.
On the daily chart, GME is forming a white marubozu candlestick, suggesting bullishness.
According to Coin Gabbar analysis, Maintaining the price above the triangle pattern could lead the GameStop token to test its upper resistance level at $0.0088000.
Conversely, a bearish reversal might prompt a retest of the crucial support trendline near $0.0034000.
KEY LEVELS :
RESISTANCE LEVEL : $0.00870000-$0.01500000
SUPPORT LEVEL : $0.00550000-$0.00250000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#Megadrop @Coingabbar Analysis @CZ @Binance Research @Binance Square Official #MtGox #altcoins #BinanceLaunchpool #GME $GME