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The Goatseus Maximus price plunged 21% in the last 24 hours to trade at $0.6567 as of 9.30 a.m. EST on trading volume that surged 28% to $535.32 million.
Its slump came despite an Oct. 24 announcement that the token was listed on the Pip exchange, and that OKX has added GOAT/USDT perpetual futures.
It was listed on Hyperliquid and Woo X on October 23, and on BitMEX the day before that.
🐐 Ready to GOAT harder?$GOAT (@gospelofgoatse) is coming to BitMEX Spot for you to deposit, buy, and HODL the hottest AI memecoin.
Deposits for GOAT are already live as of 22 October. Trading for GOAT will go live on 23 October at 04:00 UTC.
More details:… pic.twitter.com/EUXjfcOqiD
— BitMEX (@BitMEX) October 22, 2024
The token has been blowing up ever since it went live, causing its price to skyrocket 564% in the last 10 days or so, when most other cryptocurrencies were seeing a correction.
The market finally caught up with the project yesterday, after it reached $0.80, a powerful resistance that ended its surge for the time being. However, given its popularity and exposure caused by numerous listings, it is possible that GOAT will recover before long.
Goatseus Maximus Price Prediction
Goatseus Maximus’ price continues to spiral down for the time being, but certain technical indicators suggest that this might not be the case for long. The token could soon bounce back up, as there are signals that suggest at an upcoming recovery.
The project’s Bollinger bands have recently started to narrow down somewhat, but the prolonger price drop caused the price to start pushing the lower band further down, widening them again.
The widening itself is typically a positive signal, although the fact that the price is dropping is obviously a bearish sign. But, given the sharp drop seen in the last 24 hours, it is very likely that GOAT might see an equally sharp recovery, as the token is becoming increasingly undervalued.
One of the strongest indicators of an upcoming recovery comes from the project’s Relative Strength Index (RSI) — an indicator that shows whether traders are buying or selling. Over the past seven hours or so, the RSI value has been spiraling down toward the oversold zone, going down from the value of over 60 toward 30.
Once the RSI hits the value of 30, however, it will likely trigger a new wave of purchases, as most traders tend to use this level as the right moment to buy a token whose price is dropping and get it at a lower price. As soon as the buying starts, the bulls will start building up demand, which will, in turn, boost the token’s price.
The only question is whether the rest of the market will start turning green too, for if it doesn’t, then the recovery is likely to be short-lived. A market-wide trend change, on the other hand, could push GOAT back up to the value of $0.80, and potentially even allow it to breach this resistance.
Promising Alternative To Goatseus Maximus
Given the GOAT price is headed down for the time being, traders may want to consider alternatives like the new GameFi project Memebet Casino (MEMEBET Token), which enables investors to wager with meme coins for the first time.
This is a GameFi platform available through its web version or Telegram that allows players to access thousands of games and use meme coins to interact with them.
While it is far from being the first one to let its players use crypto when playing the games, it is the first one to specifically add support for the wider meme coin market and that includes tokens like DOGE, SHIB, PEPE, and many more.
The project has impressed crypto expert ClayBro, a YouTuber with over 130k subscribers, who says the token might be the next crypto to 10x.
If you would like to join investors who have already pumped more than $518k into the project, you can buy MEMEBET Token now for $0.0261 using ETH, USDT, BNB, MATIC, or credit/debit cards.
Act before a price hike in less than 2 days for the best deal.
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