GameStop Price Soars, This Solana Layer 2 ICO Could Be Next
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GameStop’s price has surged 8% over the past 24 hours, trading at $0.0002292 as of 12:30 a.m. EST, with volume up 83% to $2.3 million.
This surge in GME price was caused by Keith Gill, known online as Roaring Kitty. Chappelle’s ShowIt features Dave Chappelle parodying Rick James and gesturing as if he’s saying “come here.”
The GIF sparked speculation among GameStop (GME) enthusiasts that it was related to Rick James’ hit song. give it to me babyIt includes the phrase “Wait until I squeeze you.” These lyrics fit well with the Short Squeeze concept, a key element of the original GME series.
— Roaring Kitty (@TheRoaringKitty) January 2, 2025
The symbolism deepens through the shiny ring in the gif that says “Unity.” This led some to speculate about a connection to Unity Technologies, whose logo resembles the gift box featured in Roaring Kitty’s Christmas post.
These similarities have sparked conversation about whether these references hint at future developments involving GME or Unity Technologies.
Roaring Kitty’s history of cryptic and creative messages lends weight to the idea that this post may have been an intentional move to energize the community and draw attention to the stock’s recent performance.
Whether intentionally or accidentally, the post amplified the debate among retail investors, highlighting the symbolic gesture’s continuing influence in the GameStop narrative.
GameStop price prepares for another bullish surge
The 15-minute GME/USD chart highlights a well-defined round bottom pattern, a classic bullish reversal signal. This pattern began forming near $0.0035, with the price steadily declining and hitting lows before gradually recovering.
The pattern completed around $0.0038, with the price breaking above the previous resistance level in a decisive bullish move. After this breakout, the $0.0038 level, which was the initial resistance, has now turned into strong support.
The current support level at $0.0039 serves as a pivot point for the ongoing consolidation. After surging to $0.0042, the price is now consolidating just above this support line, setting the stage for a potential bullish reversal if buyers regain control.
GMEUSD Analysis Source: Dextools.io
A golden cross was formed when the 50 line (blue line) crossed above the 200 line (green line). This crossover is a strong bullish signal that precedes continued upward momentum.
The MACD histogram shows a slight bearish divergence, indicating that the bullish momentum in GameStop price may be slowing. Nevertheless, the MACD line remains above the signal line, suggesting that upward pressure may continue.
Currently, RSI is in the neutral zone at 49.21, but is approaching oversold territory, suggesting a possible rebound to 70, which is overbought territory.
On the positive side, a break above the recent high of $0.0042 could open the door to further upside, with the next resistance target around $0.0045.
Conversely, if the price fails to hold the $0.0039 support level, it may revert to the previous support area of $0.0038 or potentially lower.
Solaxy (SOLX) presale closes at $8 million. What is the best cryptocurrency to buy right now?
As GameStop prepares for another bullish rally, investors are turning their attention to Solaxy (SOLX), a new Solana-based meme coin and the first layer 2 solution on the Solana network. It has already raised more than $7.7 million in pre-sale funding.
According to a cryptocurrency analyst from 99Bitcoins, a popular YouTube channel with over 719,000 subscribers, Solaxy could potentially rise 100x after its official launch.
Unlike typical cryptocurrency projects, Solaxy aims to solve Solana’s main challenge: network congestion. Introducing innovative Layer 2 solutions improves Solana’s network performance without compromising core infrastructure.
Solaxy also serves as a bridge between Solana and Ethereum, combining the liquidity and security of Ethereum with the speed and scalability of Solana. This creates a powerful ecosystem tailored to the needs of decentralized finance (DeFi) and meme coin trading.
hello everyone! 👋 I just discovered Solaxy, an exciting project that will revolutionize the Solana ecosystem. Let’s take a look at what makes this layer 2 solution a game-changer. 🚀 @SOLAXYTOKEN pic.twitter.com/B1f506l5r4
— Sammy Rank (@Samuel__Martins) December 24, 2024
SOLX token holders can also earn passive income through the platform, which boasts a whopping 472% annual return.
Investors can participate in the pre-sale by purchasing SOLX tokens for $0.001588 each using BNB, ETH, USDT or bank cards.
A price increase is expected in just over a day, so act as soon as possible to secure the best deal.
Visit Solaxy here.
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