With the support of bullish momentum and increasing demand, GOAT has just reached 1.25 USD ๐. Liquidation data suggests that in the near future, the price may rise to 1.2 USD or 1.3 USD ๐ฐ. However, low trading volume raises concerns that a reversal may occur near the key resistance level ๐ค.
Goatseus Maximus has just hit a record high of 1.25 USD, with a market cap of 12.6 billion USD ๐. While there is potential for further upside in the near future, signs of weakening demand are making people a little worried ๐ฌ. Liquidation data suggests an upward path, but the risk of a reversal remains โ ๏ธ.
GOAT has seen a 35.3% increase in the past week, making it the leader in the AI โโmeme coin market ๐ฅ. Traders are highly expecting further upside, and the chart pattern suggests a possible breakout ๐. Since early November, GOAT has maintained a bullish market structure on the 4-hour chart, and on November 15, it successfully broke through the resistance level of 1 USD, reaching 1.25 USD ๐ช.
The relative strength index (RSI) remains above 50, indicating strong buyer activity ๐. However, since November 11, trading volume has remained below average, which could indicate a decrease in buyer participation ๐. The liquidation chart shows that there is a short liquidation level between 1.16 USD and 1.2 USD, which could push the price up to gain liquidity ๐ต.
Despite the possibility of an increase, the risk of a reversal remains โ ๏ธ. If the price falls sharply from the range of 1.2 USD to 1.3 USD, this could trigger a correction of up to 1 USD ๐. Therefore, it is important to closely monitor the price movement as GOAT approaches these key levels ๐. While the latest rebound shows strong momentum and trader confidence, low trading volumes and reversal risks mean one needs to remain cautious yet optimistic ๐คทโโ๏ธ.
