GameStop (NYSE: GME) is once again capturing the attention of investors and traders, as the stock surges past $30, fueled by a potent mix of institutional backing, cryptocurrency enthusiasm, and retail investor fervor.
With momentum building and technical indicators pointing to a potential breakout, analysts are eyeing $45 as the next key level, with some daring to predict a climb toward $65 and beyond, more on that below.
Could this be the start of another historic short squeeze?
Investor sentiment on X suggests the meme stock saga is far from over.
GameStop’s Resurgent Rally
GameStop’s stock soared over 7% on May 23, 2025, closing at $33.03.
The rally aligns with a broader surge in crypto-related stocks, as Bitcoin smashed through $111,000, igniting speculative fervor across markets.
A significant catalyst for GME’s surge was Deutsche Bank AG’s dramatic increase in its stake, with a Q4 SEC filing revealing a staggering 1,000% boost in its GameStop holdings.
This institutional vote of confidence has lent credibility to the stock’s momentum, drawing parallels to the 2021 meme stock frenzy.
Adding fuel to the fire, GameStop confirmed plans to hold Bitcoin on its balance sheet, positioning itself as a player in the digital finance revolution.
This move has electrified retail investors, who see GME evolving beyond its brick-and-mortar roots into a tech-forward, crypto-aligned enterprise.
The return of retail legend “Roaring Kitty” (Keith Gill) to social media has also reignited the passion of the “ape” community, with posts on X buzzing with bullish predictions.
Is another massive move inbound?
Let’s break down some of the technical breakout signals for GME stock.
Technical Breakout Signals Big Moves
From a technical perspective, GameStop’s chart is showing signs of a breakout.
The stock has cleared its 200-week simple moving average (SMA), a key level that often signals sustained bullish momentum.
Analysts and retail investors alike are now watching the $34.50 resistance level closely.
A decisive break above this could pave the way for a run to $45, with the psychologically significant $65 level in sight if momentum holds.
However, GameStop’s fundamentals remain a point of contention.
The company’s five-year average return on invested capital (ROIC) stands at a dismal -22.9%, and sales have declined at a 10% annual rate over the same period.
Despite these challenges, the stock’s price action suggests that sentiment, not fundamentals, is driving the current rally.
GameStop stock is currently up over 3,000% in the past five years alone.
The sentiment supersedes retail investors.
Vertical Research told Fox Business’s Charles Payne in March that GameStop is going to $50 and ultimately heading to $100.
Investor Sentiment on X: A Meme Stock Revival
The sentiment on X is overwhelmingly bullish, with retail investors rallying around GME as a symbol of defiance against Wall Street.
Posts on X reflect a mix of nostalgia for the 2021 squeeze and bold predictions for the future.
One user, @dr_titjacques, posted on November 4, 2024, predicting a near-term target of $45 and a potential spike to $120, citing technical patterns and insider confidence.
Another user, @sierrastrades, shared a Fibonacci analysis in July 2024, projecting GME could hit $333 if it breaks the $60–$80 range.
More audacious forecasts have also emerged.
@ReesePolitics highlighted a Reddit user’s prediction of GME reaching $1,800–$2,400, with a “MOASS” (Mother of All Short Squeezes) target as high as $47,000–$100,000.
While these figures seem fantastical, they underscore the unwavering optimism among retail traders.
Even as GME dipped 15% from recent highs in December 2024, @Stonkfather2021 noted that investors remained unfazed, suggesting a more resilient and knowledgeable retail base compared to 2021.
The WallStreetBets community on X also chimed in, with @wallstreet408 describing GameStop as “flexing its muscles on Nasdaq” and transforming from a “dusty game hub to a trading titan” thanks to institutional ownership and meme-driven hype.
The Road Ahead
GameStop’s rally is a high-stakes battle between retail optimism, institutional muscle, and market realities.
While the stock’s crypto pivot and technical breakout fuel dreams of another squeeze, investors must navigate a volatile landscape.
The $34.50 resistance level will be a critical test.
If GME breaks through, the $45 and $65 targets could come into play, potentially setting the stage for a new chapter in the meme stock saga.
For now, the apes on X are holding the line, chanting “HODL” and dreaming of squeezing Wall Street once again.
Whether GameStop can defy the odds and deliver another legendary run remains to be seen, but one thing is clear: the GameStop saga is far from over.
Back to Retail Investor News.
Follow Frank Nez on X and Facebook for more community insights.
About The Author
