GameStop (GME) Price Surges 8% as Roaring Kitty Shares Cryptic Gif

GameStop (NYSE:GME) price surged 8% in the last 24 hours to trade at $0.0002292 as of 12:030 a.m. EST on an 83% pump in trading volume to $2.3 million.

This comes as Keith Gill, known as Roaring Kitty online, shared a gif from Chappelle’s Show, featuring Dave Chappelle parodying Rick James and gesturing, as if to say, “Come here.”

The gif has sparked speculation among GameStop (GME) enthusiasts, with some drawing connections to Rick James’ hit song Give It to Me Baby, which includes the line, “Wait till I squeeze you.” This lyric resonates with the concept of a short squeeze, a key element of the original GME saga.

pic.twitter.com/TSq9cwyJx1

— Roaring Kitty (@TheRoaringKitty) January 2, 2025

The symbolism deepens with the sparkling ring in the gif, which reads “Unity.” This has led some to speculate about a connection to Unity Technologies, whose logo resembles the gift box featured in Roaring Kitty’s Christmas Day post.

Such parallels have ignited conversations about whether these references hint at upcoming developments related to GME or even Unity Technologies.

Roaring Kitty’s history of cryptic and creative messaging lends weight to the idea that this post might be a deliberate move to reinvigorate the community and draw attention to the stock’s recent performance.

Whether intentional or coincidental, the post has amplified discussions among retail investors, highlighting the enduring influence of symbolic gestures in the GameStop narrative.

GameStop Price Gears Up For Another Bullish Surge

The GME/USD chart on the 15-minute timeframe highlights a well-defined rounded bottom pattern, a classic bullish reversal signal. This pattern began forming near $0.0035, where the price steadily declined, hit a low, and gradually recovered.

The pattern completed at around $0.0038, with the price breaking above the previous resistance level in a decisive bullish move. Following this breakout, the $0.0038 level, which was earlier a resistance, has now turned into a strong support.

The current support level is at $0.0039, acting as a pivot point for the ongoing consolidation. After a sharp spike to $0.0042, the price is now consolidating just above this support, setting the stage for a potential bullish reversal if buyers regain control.

GMEUSD Analysis Source: Dextools.io

A golden cross has formed, as the 50-period moving average (blue line) crossed above the 200-period moving average (green line). This crossover is a strong bullish signal that often precedes sustained upward momentum.

The MACD histogram displays a slight bearish divergence, suggesting that the bullish momentum for GameStop price may be slowing down. Despite this, the MACD line remains above the signal line, indicating the possibility of continued upward pressure.

The RSI, currently at 49.21, is in the neutral zone but approaching oversold territory, hinting at a potential rebound to the overbought zone of 70.

On the upside, a breakout above the recent high of $0.0042 could open the door for further gains, with the next resistance target around $0.0045.

Conversely, if the price fails to hold the $0.0039 support level, it could retrace back to the previous support zone at $0.0038, or potentially lower.

Solaxy (SOLX) Presale Closes On $8 Million- Best Crypto To Buy Now?

As GameStop gears up 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 over $7.7 million in presale funding.

According to a crypto analyst on 99Bitcoins, a well-known YouTube channel with over 719K subscribers, Solaxy could potentially soar 100x after its official launch.

Unlike typical crypto projects, Solaxy aims to address a major challenge on Solana: network congestion. Introducing an innovative layer-2 solution enhances Solana’s network performance without compromising its core infrastructure.

In addition, Solaxy serves as a bridge between Solana and Ethereum, combining Ethereum’s liquidity and security with Solana’s speed and scalability. This creates a strong ecosystem tailored to the demands of decentralized finance (DeFi) and meme coin trading.

Hey everyone! 👋 I just came across an exciting project that's set to revolutionize the Solana ecosystem: Solaxy. Let's dive into what makes this Layer-2 solution a game-changer. 🚀 @SOLAXYTOKEN