đ Goatseus Maximus [GOAT] Surges 56% in Two Days, Eyes $0.9 Target
đ Goatseus Maximus [GOAT] has experienced a remarkable 56% increase within 32 hours, showing potential for further growth. Despite a recent retracement phase lasting ten days, the memecoin, with a market cap of $722 million, began to regain momentum on November 4th.
đ Although trading volume had been declining, signs of recovery were emerging. On shorter timeframes, upward momentum was strengthening, and capital flow was increasing.
đ The 4-hour chart indicates a bullish market structure for GOAT, which has surpassed the $0.566 level and established a series of higher highs and lows since November 4th. The DMI supports this bullish outlook, showing a strong upward trend with the ADX (yellow) and +DI (green) above 20.
đ However, the MFI has entered overbought territory, suggesting a potential bearish divergence in the coming days that could lead to a correction from the $0.9 resistance zone. A move towards this region is anticipated in the next few days.
đ€ Short-term sentiment and demand are favoring bulls. The spot CVD and Open Interest have risen sharply in the past 24 hours, indicating strong demand in spot markets and keen speculative interest. Together, these factors suggest a sustainable upward trend that could extend beyond $0.9.
â ïž However, the high Funding Rate indicates strongly bullish sentiment but also highlights a disparity between spot and derivatives prices. The local highs around the $0.9 area represent a supply zone. Traders and investors should wait for the $0.9 and psychological $1 levels to be flipped to support before re-entering long positions.
