Can Goatseus Maximus (#GOAT ), one of the new players in the Solana ecosystem, continue its rise?
While crypto persistence continues, eyes turned to memecoins. Dogecoin (DOGE)'s increase of over 300 percent made us think that memecoins should be entered into the "super bull" topic. Crypto investors increased their risk appetite in order not to miss the cycle in question.
The average daily trading volume in Solana, which has become the stronghold of memecoins, reached 4 billion. GOAT, which was launched on Solana, has become one of the most popular memecoins of recent times.
AMBCrypto stated that $ 0.8435 should be protected in order for GOAT to continue its rise.
GOAT chart analysis
According to AMBCrypto's analysis, the positive outlook may continue in GOAT, which has increased by 788 percent in the world.
The analysis pointed to a potential resistance point of $ 0.9197. If this level is exceeded, the popular memecoin can reach up to 1.1946. The potential upside target was likened to the price action in September. It was stated that if the same scenario occurs, GOAT's market value of $ 1 billion could be exceeded.
According to the analysis, if the price resistance cannot be broken, it will face selling pressure. GOAT could retreat to the $ 0.7340 support with future selling pressure of $ 0.9197.
AMBCrypto expressed its support for the technical regime's approvals;
âThe RSI (Relative Strength Index), which measures price momentum and potential trend direction, reflects a positive outlook. The RSI, currently at 62.69, indicates strong buying activity and the potential for continued upward movement. â
According to GOAT chart analysis, if the $ 0.7340 support is also offered, its price could fall to the 0.5703 side.
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