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May 27, 01:40 PM
GameStop Hits First Monthly Uptrend Since 2021, Eyes $39.80 as Crypto Ownership Grows Led by U.K.
Stocks
Memecoin
Markets
Business
Crypto

GameStop Hits First Monthly Uptrend Since 2021, Eyes $39.80 as Crypto Ownership Grows Led by U.K.

Authors
  • CoinDesk
  • Stocktwits
  • Decrypt
7

GameStop Corp. (GME) has experienced its first confirmed monthly uptrend since 2021, driven by renewed retail investor interest linked to a surge in Bitcoin and meme tokens. The stock emerged as the top trending ticker on Stocktwits at market open, with sentiment reaching a weekly high. Analysts highlight a key resistance level at $34.37, noting that a close above this point could open the way for gains toward $39.80 amid increasing trading volume. This momentum coincides with a broader rise in global crypto ownership in 2025, led by the U.K., as reported by Gemini's 'Global State of Crypto.' The growing popularity of meme coins is credited with fueling this wave of new crypto investors, which appears to be influencing retail speculation in stocks like GameStop.

Written with ChatGPT (GPT-4).

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