Roaring Kitty Price Prediction: KITTY Soars 26% As Analyst Says Lawsuit Against Keith Gill Is ”Doomed” And This New ICO Rockets Towards $2 M...
Release: 2024/07/01 23:25 Reading: 597
Roaring Kitty Price Surges Amidst Legal Confidence
The Roaring Kitty price has witnessed a significant 26% increase in the last 24 hours, reaching $0.006636 as of 7:20 AM EST. This surge coincides with a 7% increase in trading volume, bringing it to $1.2 million.
This rise comes as former federal prosecutor Eric Rosen expressed optimism that a class-action lawsuit alleging securities fraud against Keith Gill, known as "Roaring Kitty" on Reddit, is destined to fail. Rosen argues that the lawsuit's claim that Gill should have disclosed his options selling plans would not hold up in court, as it's unrealistic to expect investors to hold their options until exact expiration dates.
Roaring Kitty Price Consolidation and Potential Uptrend
The Roaring Kitty price is currently consolidating within a narrow range, hovering around the $0.005071 support level. Bulls are poised to potentially drive the price higher, with increased momentum establishing bullish sentiment and targeting the $0.02266 resistance level.
Bullish investors are eager to break the $0.005071 level, indicating a possible trend reversal. The price currently trades near the 50-day simple moving average (SMA), offering immediate support for upward movement.
Additionally, the MACD's average line has crossed above the signal line at the neutral level, and the histogram bars are becoming positive, albeit weak. This uncertainty suggests a potential struggle between bulls and bears for price control.
The Relative Strength Index (RSI) has rebounded from the 50 midline and is approaching the overbought level of 70 at 63. This signals significant buying pressure.
Roaring Kitty Bulls Aim for New Highs
The Roaring Kitty bulls have the potential to push the price towards new highs around $0.02354. This sustained upward movement may allow Roaring Kitty to recover its all-time high of $0.04309 in the coming weeks.
However, if Roaring Kitty fails to break through this resistance, increased selling pressure may emerge. In that scenario, attention will shift to the $0.002005 support level as a critical indicator of stability or potential decline.
Pepe Unchained Presale Progress
While the direction of the KITTY price remains uncertain, Pepe Unchained ($PEPU), a new meme coin, has gained traction through its ongoing presale. It has raised over $1.7 million, including $660,000 in the past two days.
Pepe Unchained is launching its own Layer 2 network, offering faster speeds, improved scalability, and lower fees compared to Ethereum. It will also have its own explorer for enhanced user experience.
Presale participants can purchase PEPU and benefit from a lucrative staking opportunity with a 1,107% APY. Pepe Unchained has attracted interest from Crypto YouTuber Jacob Bury, who believes it could be the next 10x PEPE derivative.
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