GameStop reached $0.01976700, marking its highest level since February 6th, with a remarkable surge of over 4,000% from this year's low.
Despite the Bulls failing to maintain the gains, the price undergoes an 82% drop from its peak, reaching a low near $0.00353539.Short covering activity is observed at lower levels and from the 100 EMA (4-hour), leading to a 120% price increase from the lows, as well as a rebound from the 50 EMA (4-hour).The GME coin demonstrates robust bullish price action in the crypto market, rewarding investors with a 50% return.If the hype surrounding memecoins intensifies, market bulls will likely aim to propel the GME price towards its upper resistance level of $0.02000000 by month-end.According to Coin Gabbar analysis, Conversely, if selling pressure on memecoins rises, the GameStop price may retreat towards its critical support level of $0.00250000 in the near future.
KEY LEVELS :
RESISTANCE LEVEL : $0.01050000-$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.
#altcoins #BinanceLaunchpool #buythedip #GameStop #GME @Binance Research @CZ @Binance Square Official $GME

Dogecoin did not perform well in this cycle, as indicated by its current state. At the current price, 83% of DOGE holders are profitable. The price of Dogecoin is largely influenced by broader market trends.
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Dogecoin (DOGE) has shown mixed performance in the recent cycle. About a week ago, it experienced minor gains fueled by excitement over the spot Ethereum ETF, seeing an 8% increase in a single day. However, as of the latest update, its charts indicate a downward trend.

Dogecoin Market Insights
According to IntoTheBlock data, the majority of Dogecoin (DOGE) holders, about 83%, are currently profitable at the current price. This indicates a favorable position for long-term investors, despite recent market losses. Additionally, a significant portion of Dogecoin’s total supply, approximately 63%, is held by large holders known as whales. This concentration of ownership among whales can influence market dynamics and price movements.
Dogecoin exhibits a strong correlation of 0.86 with Bitcoin, suggesting that its price movements are heavily influenced by broader market trends, particularly those of Bitcoin. This correlation underscores Dogecoin’s sensitivity to developments in the overall cryptocurrency market.

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Recent exchange data reveals nearly balanced activity for Dogecoin, with approximately $221.14 million in inflows and $221.68 million in outflows recorded last week. This equilibrium suggests a steady state of buying and selling among investors, with neither bullish nor bearish sentiment clearly dominating the market charts.

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Dogecoin’s Market Dynamics and Performance Analysis
Dogecoin (DOGE) has exhibited a notable pattern where sudden spikes in short liquidations coincide with rapid price increases. This suggests that quick uptrends often force short sellers to close their positions at a loss, contributing to volatile price movements. The overall trend shows a mix of both long and short liquidations without a clear dominance, indicating a market driven by speculative trading and abrupt price changes rather than sustained directional movements.

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This liquidation pattern mirrors DOGE’s broader price performance, characterized by resilience amid short-term rallies and corrections. Typical of meme tokens, Dogecoin’s monthly chart reveals a landscape marked by volatility and market sentiment fluctuations. Over the past month, DOGE has primarily fluctuated within a narrow price range of approximately $0.135 to $0.175, reflecting its ongoing struggle with market volatility and speculative trading activity.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#DOGE #Dogecoin #GameStop #EthereumETF $DOGE $USDC $BTC

GME started the month with an over 300% spike in value.The volume has set another ATH record.
U.S. financial analyst Keith Gill’s actions once again stirred the market, triggering another surge in the GameStop memecoin. This surge followed a similar rise in the stock equivalent after Gill reactivated his account on Reddit.
GameStop memecoin resurgence
On 3rd June, the value of GameStop memecoin soared by over 300%. This surge was attributed to posts by Keith Gill, also known as Roaring Kitty, on X and Reddit.
Gill’s account posted a reverse UNO card on X, which sparked various interpretations. 
Meanwhile, on Reddit, the investor shared details of his GME stock holdings and options. Before this, Gill had been inactive on X for over two weeks and on Reddit for over three years.
Gill’s post also led to a surge in GameStop’s stock price. This isn’t the first time his social media activity has caused such reactions. In May, a post on X after years of absence stirred speculation, resulting in a significant surge in the GME memecoin’s value.
GameStop memecoin’s 300% spike
Analysis of GameStop memecoin on a daily timeframe revealed a spike of over 300% by the close of trading on 3rd June.
The memecoin surged by 269.27%, climbing from approximately $0.00038 to $0.014. In May, it experienced a remarkable rise of over 1,500% following Roaring Kitty’s post.

At the time of writing, GameStop memecoin was trading at around $0.012, marking a decline of over 14%.
Additionally, the spike pushed it into the overbought zone according to its Relative Strength Index (RSI), which exceeded 70 before declining due to the price drop.
Analysis of GameStop memecoin’s volume on Santiment also showed a significant spike. On 3rd June, the volume surged from around $19 million to over $490 million, marking the highest volume in years.
As of the latest data, the volume was nearly $328 million.

#gme #gamestopmeme #GameStop

Analyst Ali Martinez predicts Bitcoin could rally to $79,591 using MVRV Deviation Pricing analysis, while MMCrypto identifies a bearish target of $62,200, signaling a potential downturn. On the flip side, MMCrypto sets a bullish Bitcoin target of $74,000 based on ETF inflows.
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The crypto markets remain volatile, leaving traders and investors uncertain about future movements. Recently, there was a slight uptick as the global crypto market cap reached $2.54 trillion, marking a 0.35% increase. Despite ongoing turbulence, Bitcoin has climbed above $68,687, reflecting a 1.37% rise in the past few days.

Analyst Predicts Bitcoin’s Potential Return to All-Time High
In the crypto community, the prevailing sentiment is not whether but when Bitcoin will reclaim its all-time high (ATH). Renowned analyst Ali Martinez provides a technical viewpoint, suggesting Bitcoin may be gearing up for a substantial price increase.
Martinez utilizes the MVRV Extreme Deviation Pricing band chart to illustrate Bitcoin’s current position, hovering near the +0.5 Standard Deviation mark. According to his analysis, this places Bitcoin’s potential price target around $66,800.

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Courtesy ali_charts: X

 
Martinez’s insights fuel optimism among crypto enthusiasts, bolstering the belief in Bitcoin’s imminent return to its ATH. His technical perspective indicates Bitcoin could surge to as high as $79,591.03, reaching a standard deviation of 1.
MMCrypto’s Bitcoin Price Projections

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Echoing a similar stance, a prominent figure in the crypto trading world recently shared his latest price targets for Bitcoin. In a tweet, MMCrypto outlined two possible scenarios for Bitcoin’s price trajectory.
Firstly, the trader predicts a bullish scenario where Bitcoin could surge to $74,000. This optimistic target hinges on the significant inflow of spot Bitcoin ETF products from major players like BlackRock, Fidelity Investments, and Grayscale.

MMCrypto Chart. Source: X

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Conversely, MMCrypto also sets a bearish target at $62,200, indicating a potential downturn in Bitcoin’s price. Such a scenario may prompt traders to adjust their strategies to capitalize on lower prices. For long-term investors, this dip could present a buying opportunity to acquire Bitcoin at a discounted rate before the next anticipated surge.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
 

#GameStop #EthereumETF #Bitcoin #Ethereum #Memecoin $BTC $ETH $BNB

Alongside the surge in GameStop’s stock price on Wall Street, the Solana-based meme token GME has seen its monthly gains extend to over 4,600%. As of aftermarket hours, GME stock is trading above $61.
GameStop (NYSE: GME), a popular meme stock, has been surging on Wall Street while Roaring Kitty, a prominent investor, has added $586 million worth of stock and options positions. This move propelled GME stock to a remarkable 47.45% gain in a single day on Thursday, closing the trading session at $46.55. In contrast, the Solana-based meme coin GME has surged by an impressive 118%.
GameStop Rally and Roaring Kitty’s Influence
The GameStop stock has experienced an unstoppable rally, boasting over 200% gains in the past month, spurred further by the involvement of Keith Gill, known as Roaring Kitty. Gill, famous for his online alias RoaringKitty, has announced a scheduled YouTube livestream for Friday, showcasing his substantial stock and options position valued at approximately $586 million, as revealed in a Reddit screenshot.

The stage seems set for a potential replay of the 2021 battle between retail investors and hedge funds. Citron Research co-founder Andrew Left recently announced his decision to short GameStop stock again, after closing out his position in May. Left commented on Roaring Kitty’s significant market positions, likening him to a hedge fund manager: “He might as well be a hedge fund manager.”
During after-market trading, GameStop’s stock price surged an additional 31%. Well-known investor Anthony Pompliano added to the excitement, suggesting that Roaring Kitty could potentially become a billionaire if GameStop reaches $69 per share. Pompliano noted the unprecedented journey from disrupting billionaire funds to potentially joining their ranks, emphasizing the extraordinary nature of Gill’s rise.
Digital Asset Market Sees Surge in Meme Tokens Amid GameStop Rally
Alongside the GameStop rally on Wall Street, the digital asset market has experienced significant activity. The Solana-based meme token GME, inspired by GameStop but not affiliated with the company, has surged over 118% in the past 24 hours, according to CoinGecko data. This spike occurred despite a broader pullback in the crypto market.
Similarly, the micro-cap AMC token, which shares its name with the struggling movie theater chain but is not affiliated, also saw a 118% jump. Remarkably, this meme coin has surged by an astonishing 4,600% over the past month, reaching a new all-time high. Some market analysts are now projecting a $1 price target for the $GME meme coin.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#GameStop #GME

📣 #MemeWatch2024 PEPE and GME have become the most preferred meme coins after their continuous gains and increasing demand in the market. But is PEPE really superior to GME? #PEPE‏ #GameStop
✳️ Meme coins have officially taken over the crypto market with continuous gains and profits over the last few weeks. The gains are so high that no other cryptocurrency can beat the growth of meme coins, including Bitcoin. At the time of writing, the meme industry has grown to $60.5 Billion in market capitalization and offers $ 11 billion of transaction volume alone.
♦️ More importantly, PEPE and GME were the top contributors to creating hype about meme cryptocurrencies with their impressive profits. So, in PEPE vs. GME, which one is the meme king, or will hit the $1 first? Let us discuss that in this blog.
📍PEPE Price Analysis📊
🌿 PEPE has made history after creating multiple all-time high records within two months. It has been on every investor’s portfolio because of its huge profit potential as the token has presented many profitable opportunities, making a hundred times in profit for their investors. PEPE price is at $0.00001222 after setting a new all-time high record of $0.00001274 two hours ago.

♦️With the ongoing price surge, PEPE is ranked 24th on CoinmarketCap for its market cap of $5.14B and trading volume of $3.71B, which is up by 423%. Moreover, the token is still bullish, so the price may rise even higher if the trend continues.
📍GME Price Analysis📊
✳️ GME or Gamestop, is a newly launched Solana meme coin that has made huge gains recently. After its launch in February 2024, GME peaked at a high of $0.01352 before entering a downtrend. However, the price rose multiple folds earlier, creating an all-time high record of $0.0219 just a week ago. As for now, the Gamestop price has declined to $0.0219 after a 21% fall in the last 24 hours only. Moreover, its market cap and trading volume are down to $39,312,853 and $69,485,972.

♦️ What’s interesting about GME is that it was launched with a comparatively lower supply for a meme coin. Gamestop has a total supply of 6,885,214,218 GME, which is already in circulation. A small token amount is a beneficial factor for GME price, as the demand stays high when the supply is low.
📍Who Will Attain $1📈 First Between PEPE and GME?📊
🌿 PEPE and GME are the most popular meme coins because of their current gains. PEPE has an overall profit of 2158%, whereas GME has a 3% loss after its current decline. On comparing both the meme coins in terms of their market capitalization, PEPE is much superior to the GME because of two factors. First, PEPE has been in the market for longer than GME, so the demand is more for PEPE. Secondly, PEPE has a larger circulating supply of 420Trillion. However, this has also restricted the PEPE price from advancing as GME did earlier.
♦️ Also, the most important comparison comes from the price history of these meme coins. Despite being new to the crypto market, GME is much closer to $1 than PEPE as its price is $0.0219, whereas PEPE is $0.00001222. In contrast, GME doesn’t have much of a history in the crypto market, which also restricts the analysis of the price pattern and how the token will move next, whereas with PEPE, a tag of high gains is already attributed to this meme coin.
✳️ After carefully analyzing all the necessary metrics and market capability, PEPE is less likely to achieve the $1 mark. This is because PEPE has a huge circulating supply, and a market cap of trillions of dollars for a meme coin is not feasible for now. On the other hand, GME is already closer to $1 and has a short supply, making it easier to comprehend to see GME hitting $1 instead of PEPE.
$PEPE