Roaring Kitty Price Prediction: KITTY Soars 26% As Analyst Says Lawsuit Against Keith Gill Is ”Doomed” And This New ICO Rockets Towards $2 Million

On Jul 1, 2024

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The Roaring kitty price has surged 26% in the last 24 hours to trade at $00.006636 as 7:20 a.m EST on a 7% surge in trading volume to $1.2 million

This comes as the former federal prosecutor Eric Rosen said a class-action lawsuit brought against Keith Gill for alleged securities fraud is “doomed” to fail.

Rosen said the lawsuit’s core argument, which revolves around Gill’s supposed obligation to disclose his options selling plans, would struggle to hold up in court. He argued that expecting Gill to hold onto all of his options until their precise expiration date would be unrealistic for any investor.

Keith Gill is a stock trader known for his pivotal role in the 2021 GameStop short-squeeze. He’s known on X as ”Roaring Kitty.”

Roaring Kitty Price May Be Gearing Up For An Uptrend

The Roaring Kitty price is currently in a consolidation phase within a narrow range, comfortably resting around the $0.005071 support level. This level has provided a foundation for the bulls to potentially push the price upward.

With increased momentum, bulls could establish a bullish sentiment and drive the price towards the $0.02266 resistance level as buyers aim for higher highs.

KITTYUSD Analysis (Source: Dextools.io)

Bullish investors are gearing up to push the KITTY price up from the $0.005071 level, hinting at a potential bullish reversal. Currently, the price is trading around the 50-day simple moving average (SMA), though it remains below the 200-day SMA. The 50-day SMA now serves as immediate support for KITTY’s price, providing the bulls with an opportunity to drive it higher.

Additionally, the MACD’s average line has crossed above the signal line at the neutral level. The green histogram bars are turning positive, although they remain weak, indicating some uncertainty about whether bulls or bears will take control of the price.

Furthermore, the Relative Strength Index (RSI) has bounced back from the 50 midline and is now trading at 63, approaching the overbought level of 70. This signals strong buying pressure.

Roaring Kitty Price Bulls May Propel Uptrend To New Highs

The Roaring Kitty bulls have the chance to drive the price to new highs around $0.02354. This sustained upward movement may potentially allow Roaring Kitty to reclaim its all-time high at $0.04309 in the coming weeks, indicating a significant recovery in its market value.

On the flip side if Roaring Kitty struggles to breach this critical resistance, it might face increased selling pressure.

In such a scenario, attention would focus on the $0.002005 support level as a key indicator of stability or potential decline in Roaring Kitty’s price.

Pepe Unchained ($PEPU) Presale Hurtles Towards $2 Million

While the direction of the KITTY price is unclear, the new meme coin Pepe Unchained ($PEPU) continues to attract more buyers through its presale.

It has raised more than $660,000 in the past two days alone, bringing the total to over $1.7 million.

We’ve hit $1.5M! 🎉💸
Pepe’s breaking chains and making gains with his new blockchain! 🐸🚀 pic.twitter.com/Ilbu8KOT9N
— Pepe Unchained (@pepe_unchained) June 30, 2024

Pepe Unchained (PEPU) is rolling out its own Layer 2 network, breaking free from the limitations of Ethereum. This smart move will provide faster speeds, better scalability, and much lower fees.

With its new network, Pepe Unchained plans to deliver transaction speeds 100 times faster than most meme coins on Ethereum. Plus, it will have its own explorer to enhance the user experience.

Who’s ready for the next stage of Pepe’s adventure? 🚀
A new dimension of Pepe has been unlocked! Join Pepe’s Layer 2 now and experience the future. 🐸🧠 pic.twitter.com/8NGeDIdXUg
— Pepe Unchained (@pepe_unchained) June 26, 2024