GME Prediction: Is the Market Ready for a Shift in Momentum?

Gill's news ignites GME, triggers rapid ascent in trading

• After reaching a high of $0.197670 on May 14th, GME's price experienced a correction, dropping by approximately 83%.

• Over the last four days, small body and Doji patterns have formed, indicating a potential reversal.

• After Keith Gill, aka "Roaring Kitty" on X, revealed on Reddit that he holds $181.4 million in GME stock and call options, boosting GME's price.

• GME used support around $0.003 on the lower boundary of the falling wedge pattern to initiate a rally.

• GME is trading above the Ichimoku Cloud, all moving averages, and the Gaussian Channel. Additionally, RSI has entered the overbought zone.

• According to Coin Gabbar analysis, If the current rally continues, GME's price could approach its May high near $0.020000, with further potential targets around $0.0500000.

• Despite the bullish momentum, caution is warranted. The MACD and RSI suggest that GME is highly overbought. This could prompt profit-taking among bears, leading to a potential sell-off.

• In the event of a sell-off, GME may find support around $0.0106000, followed by $0.0087000.

KEY LEVELS :

RESISTANCE LEVEL : $0.02000000-$0.03700000

SUPPORT LEVEL : $0.01060000-$0.00870000

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