GSTOP Plummets 9% After Roaring Kitty Reddit Post Indicates Huge GME Investment And The PlayDoge ICO Goes Parabolic

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The GameStop price dropped 9% in the last 24 hours to trade at $0.00328 as of 4 a.m. EST on trading volume that surged 55% to $14.4 million.

The token’s price dropped after Keith Gill, known as Roaring Kitty on X and who played a big part in the GameStop short squeeze in 2021, recently disclosed on Reddit that he held a $181.4 million investment in GME stock.

Gill, known as DeepFuckingValue on Reddit, caused the price of GameStop (GME) to skyrocket 250% in the last 24 hours even as the GSTOP token plummeted.

After trying to reach the resistance at $0.0050, the token suddenly crashed to $0.0032.

GameStop Price Prediction

GameStop (GSTOP) has seen quite a bit of volatility in the last several days. For the most part, the token fluctuated between a resistance at $0.0050 and a support at $0.0030.

On May 30 and 31, the project managed to briefly head up toward $0.0060, although it quickly corrected and returned between the previously mentioned levels.

Now, with new attention on GameStop, Roaring Kitty, and the meme sector, in general, the GSTOP token could potentially see another price surge in the immediate future.

Several trading signals point to the fact that its price might go up soon, such as Bollinger bands, which have gotten extremely wide with the start of the new week — more so than at any point in the past four days.

This is a very bullish signal which should not be ignored by anyone looking to earn from GameStop.

Another signal that suggests major upcoming gains is the project’s Relative Strength Index (RSI) value, which recently crashed to the oversold zone, only to then grow slightly toward the neutral area.

This suggests that many have sold GSTOP in order to take profit over the weekend, eventually overselling the token. Then, once it reached the oversold area, traders moved in to buy the dip. So far, the bullish momentum that started to form from these traders has only taken the RSI score back to the neutral zone, but as more traders and investors join, it will likely surge to the overbought zone once again, thus continuing the cycle.

Alternatively, the price could just keep going up, if it gets dragged into the rally. For now, a new attempt to surge back up to $0.0050 is expected, but due to increased volatility, traders should be ready for anything over the next few days.

Promising Alternatives to GameStop

While GameStop can be quite unpredictable and surge when it is least expected, investors who are looking for something with tangible long-term prospects might want to consider buying PlayDoge (PLAY).

This is a project with a mobile-based play-to-earn game that transforms the iconic Doge meme into a Tamagotchi-style 2D digital pet.