GEGE Price Prediction: What Does the Future Hold for This Meme Coin After Skyrocketing 153%?

Bittime - GEGE coin price skyrockets. On June 20 2024, the price exploded 153% to reach IDR 265 (equivalent to $0.01609). This was accompanied by a 222% increase in trading volume to IDR 192 billion (equivalent to $12 million). So, this article will discuss GEGE price predictions in the future!

This price increase occurred after the MEXC exchange announced the listing of GEGE tokens on their platform. Crypto fans are also increasingly enthusiastic because GEGE is preparing to list on the BitMart India exchange on June 21, 2024. This news makes GEGE trending in the top three most popular meme coins on CoinMarketCap.

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Will GEGE Continue to Soar?

Previously, GEGE prices had stabilized in a narrow range and found a strong support point at IDR 75 (equivalent to $0.004576). This support then catapulted GEGE prices to approach resistance at IDR 272 (equivalent to $0.01656).

Also read: Facing Massive Selling Action, ZK Token Price Falls 16% After zkSync Airdrop

Despite experiencing consolidation, bullish (optimistic) investors are preparing to push GEGE's price beyond IDR 272 (equivalent to $0.01656). This indicates the potential for the upward trend to continue. 

Currently, GEGE price is trading above the 50-day simple moving average (SMA) line, further strengthening the upward momentum and overall bullish sentiment.

Technically, price above the 50-day SMA indicates that the current trend is supported by strong buying interest. As long as the price stays above this important average, buyers are still in control and can potentially push the price higher. 

Investors need to pay attention to a firm move above the IDR 272 (equivalent to $0.01656) resistance as this could pave the way for further upside and strengthen GEGE's bullish outlook.

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Other technical indicators such as MACD and RSI also show bullish signals, supporting potential price increases. If the price manages to break through resistance and stay above it, investor confidence could increase and attract more buyers, pushing the price to new highs.

Also read: Notcoin Price Prediction Today: What Happens?

However, if the price fails to break through this resistance, GEGE could again enter a consolidation phase or even face greater selling pressure.

GEGE Price Prediction: Potential for Further Upside

If GEGE continues its upward trend, the price could exceed the resistance of IDR 272 (equivalent to $0.01656). This continued rise suggests that in the coming hours or days, GEGE could reach a new high, signaling a substantial recovery in its market value.

Conversely, if GEGE struggles to break through this important resistance, the price could face increased selling pressure. In such a scenario, attention will be drawn to IDR 154 (equivalent to $0.009363) as an important support level to monitor. 

This level will be crucial in determining whether the GEGE price will stabilize or experience a further decline.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn Complete Guide How to Buy Crypto on Bittime. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

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Meme Coin Fever Fades: Is It Time for Investors to Focus on Fundamentals?

zkSync (ZK) Price Prediction: Falls 39% After Airdrop, Can It Rise?

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.