Goatseus Maximus (GOAT) sharp decline: Selling pressure is increasing.
Alarm bells are ringing for the AI-themed memecoin Goatseus Maximus (GOAT).
Goatseus Maximus (GOAT), which has recently caught a strong uptrend, reached its all-time high last week. However, the AI-themed memecoin, which lost 24 percent in a short time, worried its investors. Investor sentiment for GOAT has started to turn negative. Santiment data shows that GOAT investors are turning to sales and interest has decreased in recent days.
Uncertainty in memecoin markets usually brings high volatility. While the recent decline in the GOAT price has damaged investors' confidence, positions may tend to be closed to avoid further losses.
From a macro perspective, the general momentum of Goatseus Maximus is showing signs of weakening. In particular, the funding rate remains positive, but it is gradually decreasing. This reveals that some investors are balancing their risks by opening short (bearish) positions. The combination of the increase in open positions and the decreasing funding rate indicates that investors are expecting a downward trend.
GOAT fell by 24 percent in just one day, creating panic among its investors. This pullback creates uncertainty about whether the uptrend in memecoin will continue. If the downtrend continues, there is a possibility that GOAT will test $0.64. If this level is broken, the price may pull back to $0.46. On the other hand, if the $0.64 level is maintained, there may be a possibility of recovery in the GOAT price.
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