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The Goatseus Maximus price soared 54% in the past week, despite a 5% plunge in the last 24 hours, to trade at $0.6703 as of 10:56 p.m. EST on trading volume that plummeted 28% to $318 million, according to CoinGecko.
GOAT was the biggest gainer over the past seven days among the 100 largest cryptos by market capitalization, according to Crypto Bubbles.
Goatseus Maximus Price Bearish
The Goatseus Maximus price has experienced sustained bullish pressure in the last week, as the bulls capitalized on the $0.258 support level to push GOAT through a rising channel pattern. However, the price is currently testing the lower boundary of this channel, suggesting that a break below this level could signal a shift to bearish momentum in the short term.
The slight retrace has caused the price to trade slightly below the 50-day Simple Moving Average (SMA). Meanwhile, the price of Goatseus Maximus still trades above the 200-day SMA, which may be a signal that the asset could still surge.
As a result of the correction, the Relative Strength Index (RSI) now trades at 38, heading towards the 30-oversold level. This shows that the asset may soon become undervalued, opening up the possibility of buyers rushing to buy the asset.
The GOAT/USDT chart analysis shows that the asset is currently on a slightly bearish trend, with the possibility of a trend reversal. If the bears succeed in pushing the Goatseus Maximus price further down, the $0.5459 level (200-day SMA) acts as the next possible support level.
GOATUSDT Chart Analysis (Source: Tradingview)
Conversely, the RSI is hurtling towards the oversold level, and may soon result in GOAT being undervalued. This may be a buying signal for the bulls. In a scenario where the bulls prompt some buying, the GOAT price may soar to the $0.90 resistance.
Meanwhile, investors are going all-in on new Goatseus Maximus rival Pepe Unchained ($PEPU), which has surged past the $22.6 million mark in its presale.
According to 99Bitcoins, a leading crypto YouTube channel with more than 706k followers, Pepe Unchained ($PEPU) could be the next meme coin to deliver 100x returns.
Pepe Unchained Heads For $23 Million Mark
Pepe Unchained is a new ICO that aims to liberate, or unchain, the original PEPE from its clunky, inefficient Ethereum blockchain.
As if created in a lab, PEPU is absolute perfection.
As you can see, the complete package.
🐸💪💪💪💪🐸 pic.twitter.com/eZ9EjWpgBB
— Pepe Unchained (@pepe_unchained) October 15, 2024
That’s why it comes complete with its own Layer 2 blockchain, which offers superior transaction speeds and significantly reduced fees compared to Ethereum. It also comes with a dedicated block explorer and a decentralized exchange (DEX).
It plans to open its ecosystem to other meme coins and has launched developer grants with the aim of attracting talent to further upgrade its ecosystem.
WE JUST HIT $20M RAISED!
And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
Pepe Unchained investors can also stake their tokens for an outsized 101% return annually.
PEPU tokens are currently selling for $0.01178 each and can be bought with ETH, USDT, or a credit card. With a price hike scheduled in less than 4 hours, buy soon to lock in the best deal.
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