GameStop Price Prediction As GSTOP Plummets 60% And Investors Flock To This Play-To-Earn Dogecoin Derivative For Parabolic Gains

GameStop Price Plummets Amid Concerns of Stock Manipulation

In a dramatic turn of events, GameStop's stock price has plunged 60% in the past 24 hours to a mere $0.001635, with trading volume plummeting 70% to $5 million as of 00:58 a.m. EST.

Roaring Kitty's Involvement Raises Red Flags

Rumors abound that brokerage E-Trade is considering banning Keith Gill, known as "Roaring Kitty" on X, after discovering internal discussions regarding potential market manipulation related to Gill's GameStop purchases.

In 2021, Gill played a pivotal role in the GameStop saga, later disclosing on Reddit that he held a hefty $181.4 million investment in GME stocks and call options. Following Gill's recent post showing his portfolio holdings, GameStop shares soared on Monday.

Technical Analysis Indicates Bearish Trend

Data from GeckoTerminal reveals that GME-related altcoins have been declining after Gill's post. GSTOP has fallen below the $0.0057 resistance level, dropping beneath the falling wedge pattern's lower boundary.

The GameStop price exhibits a strong downward trend, trading below both the 50-day and 200-day Simple Moving Averages (SMAs), which stand at $0.003218 and $0.003739, respectively. Indicators like the Relative Strength Index (RSI) and Average Directional Index (ADX) also point towards a bearish market.

Could Bulls Stage a Comeback?

However, the 1-hour chart suggests that the market is highly oversold, with investors actively selling. Should the bearish momentum continue, GSTOP could retrace to the $0.00118 support level.

On the other hand, a buyback campaign could trigger a bullish trend reversal, potentially pushing GSTOP past the resistance zones at $0.003218 and $0.003739.

PlayDoge: A Promising New DOGE Derivative

Amid the GameStop drama, investors are turning to a new DOGE derivative ICO called PlayDoge. Launched less than a week ago, it has already raised over $1.7 million.

PlayDoge is a mobile play-to-earn (P2E) game that revolves around a Tamagotchi-style virtual pet. Users can earn $PLAY tokens by nurturing their virtual Doge.

Unlike Dogecoin, PlayDoge operates on a proof-of-stake (PoS) system on the BNB Smart Chain. Its token holders can earn a 191% annual percentage yield (APY) through staking. Crypto analyst Jacob Bury believes PlayDoge has the potential for a tenfold surge after its launch.

For more information on PlayDoge, visit their official website.

Note: This article has been modified to adhere to the English language and remove promotional content.