RoaringPepe Surges 70% Amidst GME Stock Buzz
The RoaringPepe (RPEPE) token experienced a remarkable surge of 70% within the past 24 hours, reaching a trading value of $0.0002067 by 05:52 a.m. EST. This surge was accompanied by an impressive 249% increase in trading volume, reaching $40K.
The rally coincides with a surge in tokens linked to GME stock after Keith Gill, popularly known as 'Roaring Kitty' on Reddit, revealed a substantial GME stock and call options portfolio worth $181.4 million.
According to Gill's shared screenshot, he holds approximately 5 million GME shares valued at $115.7 million and $65.7 million in call options. His holdings have resulted in a $9.3 million gain, although he currently faces an unrealized loss of nearly $2.5 million on his call options.
RoaringPepe Technical Analysis
RPEPE has been trending downwards after reaching an all-time high of $0.00093, maintaining a falling wedge pattern. However, following Gill's announcement, RPEPE's price surged past the upper boundary of the wedge, supported by the $0.00010 support level.
Indicators suggest a bullish outlook for RPEPE:
- The price trades above the 50-day Simple Moving Average (SMA), indicating bullish potential.
- The Relative Strength Index (RSI) stands at 62, signifying strong buying pressure.
- The Moving Average Convergence Divergence (MACD) shows a bullish crossover, indicating buyers' dominance.
4-Hour Chart Outlook
On the 4-hour chart, bulls appear to be dominating, targeting $0.00060 as their next aim. However, bears might exert pressure, potentially leading to a retracement towards $0.0000880.
Presale Update: Mega Dice
Meanwhile, investors have been actively participating in the presale of Mega Dice (DICE), a GameFi project on the Solana blockchain. DICE has raised over $1.3 million, attracting attention due to its strong community support and innovative staking system.
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