The Goatseus Maximus price has plunged 9% in the last 24 hours to trade at $1.05 as of 6:30 a.m. EST on a 16% jump in trading volume to $417 million.
On the one-hour chart of the GOAT/USD pair, an intriguing setup is unfolding. The price has found strong support around $1.00, where it has formed a classic double-bottom pattern, a signal often seen before a bullish reversal. Currently, the price is sitting at $1.06687, just above this key level, and it seems poised for further gains if bullish momentum continues to build.
This $1.00 support zone has been reinforced by the 200-period moving average (SMA), which rests at $1.00807, adding weight to its significance. However, the 50-period MA, located at $1.14840, is acting as immediate resistance. If the price can push past this level, it could set the stage for a fresh rally.
GOATUSD Analysis Source: Dextools.io
While the MACD shows some signs of bullish movement, its line slightly crossing above the signal line is still in the early stages. The histogram indicates that the momentum is not yet fully developed. Traders are waiting for stronger volume or more decisive Goatseus Maximus price action to confirm the trend.
Meanwhile, the RSI sits at 47.82, suggesting that there’s still room for the price to rise without reaching overbought territory. Should the bullish reversal play out, the next major hurdle would be the $1.10 resistance.
A successful breakout here could open the door to targets around $1.20 and the 50-period MA at $1.14840. If the momentum continues, there’s even the potential for the price to reach
If the $1.00 support fails to hold, a bearish retracement could be in play, and traders might see prices fall to around $0.95 or lower.
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