GameStop (GSTOPUSD) Price Forecast: June 4
GSTOPUSD has the potential for a bullish continuation as the coin price demonstrates unique strength and trades above the supply trend levels. The crypto has witnessed a significant price growth over the past few hours. Thus, there is a higher probability that the coin price break up the $0.00694 resistance zone soon if the buy traders can double their efforts. Hence, the next price target might be the $0.00700 upper high mark, offering substantial returns to investors.
Key Levels:
Resistance Levels: $0.00401, $0.00402, $0.00403
Support Levels: $0.00277, $0.00276, $0.00275
GSTOP (USD) Long-term Trend: Bullish (Daily Chart)
GSTOPUSD indicates an upward trend and has the potential for bullish continuation with a bullish sentiment in its long-term perspective. The coin is trading above the EMA, despite slight market corrections. However, the market is presently facing resistance at the recent high.
The bulls’ potential increases the price up to the $0.00401 resistance level above the supply levels even as the hourly session opens today, resulting in an intraday gain.
Thus, there is a possibility for a potential bullish continuation to a $0.00694 resistance level, if the current support level at $0.00373 holds. This would intensify the buying pressure on the GameStop market.
Next, is the fact that the market is pointing upwards on the daily stochastic, this will draw more buy traders and grant the GSTOPUSD market for bullish continuation pattern, if that occurs the price could further climb towards a $0.00700 upper high level and this will add to the bullish race in the future in its long-term outlook.
GSTOP (USD) Medium-term Trend: Bullish (15-Minute Chart)
In the medium-term time frame, the price of GSTOPUSD also has a potential for bullish continuation as it continues to make higher highs and higher lows above the supply levels; indicating a bullish trend. However, staying above the supply mark will give the coin buyers the tendency to influence the price actions.
The high bullish impact on the crypto at the $0.00293 high level in the previous action has made the price have the potential for a bullish continuation pattern in its recent high.
GameStop’s price at the $0.00401 high level as the 15-minute chart opens today can be seen above the moving averages; therefore, if the bulls increase their tension in the market, the price tendency will rise above the key levels.
In addition, the coin is in an upward direction on the daily stochastic, more buyers’ participation is a prerequisite at the moment. We expect the price of GSTOPUSD with the potential for a bullish continuation pattern to test the $0.00420 previous supply value which could further touch the$0.00700 upper resistance level amid sustained buying pressure in the coming days in its medium time frame.
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