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The Goatseus Maximus price has skyrocketed 133% in the last 24 hours to trade at $0.2823 as of 3:15 a.m. EST on a 132% pump in trading volume to $175 million.
Goatseus Maximus Price Gears Up For A Bull Rally
The GOAT/USD chart on the 1-hour timeframe shows a strong bullish trend, with the price moving within an ascending channel before breaking out. This bullish channel started near $0.09 and consistently trended upwards, reflecting growing momentum. Recently, the price surged beyond the upper boundary of the channel, breaking through the $0.28 level.
This breakout, combined with forming a parabolic curve, suggests an acceleration in the upward movement. The steep rise could potentially push the price towards the $0.35 to $0.40 range, as indicated by the arrows on the chart, signalling a continuation of the bullish momentum.
GOATUSD Analysis Source: Dextools.io
The 50-period moving average, currently at $0.1579, is well below the current price, further affirming the strong upward momentum. The price trades significantly higher than this moving average, a classic sign of a strong bullish market. The 200-period moving average is not visible on this chart, emphasizing that the focus here is on the shorter-term trend.
The MACD (Moving Average Convergence Divergence) also signals bullish momentum. The MACD line is above the signal line, with both lines diverging. This divergence indicates increasing bullish strength, and the positive histogram supports this view, suggesting that the price is gaining upward momentum.
However, the RSI (Relative Strength Index) is approaching overbought territory, currently sitting at 68.78, just below the threshold of 70. While this is not yet in the extremely overbought zone, it does suggest that the asset may be nearing a point where buyers could become exhausted. If the RSI moves above 70, there could be a risk of a short-term pullback, though the overall trend remains bullish.
The chart is displaying strong bullish momentum, with a likely continuation towards the $0.40 range. However, with the RSI approaching overbought conditions, there is some risk of a correction or pullback.
Key support levels to watch in the event of a retracement would be around $0.20.
Pepe Unchained Closes On $20M In Presale: Next Crypto To Explode?
Meanwhile, investors seeking new investment opportunities may want to consider the new layer 2 PEPE derivative called Pepe Unchained(PEPU), which has crashed past $19.8 million in funds raised in its presale.
Clay Bro, a popular YouTuber with over 130k subscribers, says PEPU is already being compared to Pepe (PEPE), the third-largest meme coin with a market capitalization of $4.3 billion.
Pepe Unchained is an upgraded version of PEPE that introduces its own layer 2 blockchain. Called Pepe Chain, the blockchain is designed to be more efficient and faster than Ethereum, the current network supporting the OG PEPE meme coin. In this way, it will, as its name says, ”unchain” PEPE.
The chain can handle transactions up to 100 times faster while drastically lowering gas fees. Despite these improvements, it remains fully compatible with Ethereum’s decentralized applications (dApps) and services, offering the advantages of both systems.
The frog with the golden brain gearing up for L2 launch.
Join our official telegram to hang with the community!https://t.co/ahmb9L28KX pic.twitter.com/8hJQ7IuvJh
— Pepe Unchained (@pepe_unchained) October 5, 2024
The project has also introduced a developer grant program called “Frens with Benefits” to foster growth within its ecosystem. This initiative is designed to attract new talent and encourage dApp development on the Pepe Chain.
In addition, investors can stake $PEPU tokens for an annual return of 111%. Over 1.4 billion PEPE tokens have already been staked.
To participate in the presale, you can purchase $PEPU tokens for $0.00999 using $ETH, $USDT, $BNB, or a bank card. To secure that rate, you must buy before a price hike in less than 18 hours.
Buy PEPU tokens on the official website here.
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