Turning $100 in GameStop (GME) into $1,000 during this bullish period: Is it possible?

The GME coin price on continues to show strong bullish momentum in the crypto market, rewarding investors with a 112% return from $0.004044 to $0.008596 in the past 24 hours. The GameStop (GME) price experienced a massive surge of over 2,000% within hours last week after the return of Keith Gill, also known as Roaring Kitty, who posted about a meme on the “X” platform after a three-year absence.

GameStop Token Indicates Bullish Reversal:
The GameStop meme coin on the Solana blockchain made its debut in the crypto market during the Solana-based memecoin rally in January 2024. The GME price quickly gained attention, soaring 58,000X in a short period, becoming one of the most successful memecoins on the Solana ecosystem alongside Bonk (BONK) and Dogwifhat (WIF).

TradingView: GME/USDT
The GME token is currently trading at $0.00789189 with a trading volume of $82.047 million, up +84.31% in the past day and over 220% in the past week, indicating strong bullish sentiment for the memecoin.

GameStop (GME) Market Sentiment:
The Simple Moving Average (SMA) shows bullish sentiment, supporting the price chart. The RSI is trending upwards, approaching the overbought range and hovering close to the mid-point.

Will GME Price Recover?
If the memecoin hype continues to rise, market bulls may push the GME price towards the upper resistance level of $0.0200 by the end of the month. However, if selling pressure increases, the GameStop price could drop towards its crucial support level of $0.00237 in the future.

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