GME on SOL: The Wyckoff Accumulation Range Continues to UnfoldGME on SOL continues to unfold in its Wyckoff accumulation range, now spanning 185 days.
It’s currently in phase C of the accumulation range development, and I’m looking for confirmation of price reclaiming the range low, taking support off the support lines and daily demand, and starting to form bullish orderflow.
That, to me, would signal my thesis is correct and that price is in the process of a HTF deviation and reversal from these lows.
Looking at the monthly, price has respected this accumulation range structure and has always rejected from the lows — just as it’s doing now. This could form a bullish pinbar close on the monthly from this low and reverse from here, aligning with the LTF if we get confirmations.
Note this: the HTF is aligning to the LTF here imo, giving strong confluence. The same applies to the 1W, 2W, and 3W charts — all show the range well defined, rejecting the range low and deviating over many months. There’s only so long this will go on before the cause has developed enough and the effect takes place as price reverses and moves higher.
And remember this: the longer the cause (development of the range), the greater the effect (the price movement that follows the cause). Reflect on price and think about where we could head if everything aligns as I’m forecasting and the narrative plays out as a whole.
For me, the targets are clear and always have been with this coin (and AMC, WSB, and KITTY on SOL). I truly believe GME will smash a new ATH when the GME stock movement takes off (and it doesn’t seem too far away now!) and Roaring Kitty comes back on X. I think we’ll see an absolute melt-up in them all, with capital rotating between them all and the GME stock.
The way I see it, price is in this local accumulation range as marked. Once we break out of this, the target is the ATH at $230 million MC — and let’s be honest, price moved from $2.83 million to $150 million in 3 days after breaking out of its prior accumulation range spanning only 36 days. Think what could happen after ranging here for 185 days within this local accumulation range, sat inside a larger range from the low of August 2024 where price has ranged for over 400 days!
I think we see $500 million (a modest 2x) or maybe even $1 billion MC. I don’t think that’s out of the question if everything unfolds as I’ve discussed before — so imagine what AMC and WSB on SOL could also run to...
It’s funny, because GME on SOL has been the weakest pair of them all despite being the centre of it all. Is it a telling sign of manipulation during the accumulation phase? Who knows.
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