Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
GOAT Price Shows Weakening Momentum After Reaching Top 10 Meme Coins Ranking

GOAT Price Shows Weakening Momentum After Reaching Top 10 Meme Coins Ranking

BeInCryptoBeInCrypto2024/11/21 08:30
By:Tiago Amaral

GOAT surged 214% this month, breaking $1B in market cap. However, weakening indicators suggest its bullish rally may face challenges.

GOAT price has skyrocketed 214.29% in one month, recently breaking into the $1 billion market cap and securing its place as the 10th largest meme coin. It now stands just ahead of MOG, which closely trails its position in the rankings.

However, recent indicators suggest that GOAT’s uptrend may be weakening, raising questions about whether it can sustain its rally or face a potential correction.

GOAT BBTrend Is Negative For The First Time In 4 Days

GOAT BBTrend has turned negative for the first time since November 17, now sitting at -0.54. This shift suggests that bearish momentum is beginning to take hold, with the asset’s recent upward trajectory starting to weaken potentially.

BBTrend measures the strength and direction of price trends using Bollinger Bands, with positive values indicating an uptrend and negative values signaling a downtrend. A negative BBTrend reflects increased downward pressure, which could indicate the start of a broader market shift.

GOAT Price Shows Weakening Momentum After Reaching Top 10 Meme Coins Ranking image 0GOAT BBTrend. Source: TradingView

GOAT has had an impressive November, gaining 61% and reaching a new all-time high on November 17.

However, the current negative BBTrend, if it persists and grows, could signal the potential for further bearish momentum.

GOAT Is In A Neutral Zone

GOAT’s RSI has dropped to 52, down from over 70 a few days ago when it reached its all-time high. This decline indicates that buying momentum has cooled off, and the market has moved out of the overbought zone.

The drop suggests a shift toward a more neutral sentiment as traders consolidate gains and the strong bullish pressure seen earlier subsides.

GOAT Price Shows Weakening Momentum After Reaching Top 10 Meme Coins Ranking image 1GOAT RSI. Source: TradingView

RSI measures the strength and velocity of price changes, with values above 70 indicating overbought conditions and below 30 signaling oversold levels. At 52, GOAT’s RSI is in a neutral zone, neither signaling strong bullish nor bearish momentum.

This could mean the current uptrend is losing strength, and the price may consolidate or move sideways unless renewed buying pressure reignites upward momentum.

GOAT Price Prediction: A New Surge Until $1.50?

If GOAT current uptrend regains strength, it could retest its all-time high of $1.37, establishing its market cap above $1 billion, a fundamental threshold for being among the biggest meme coins in the market today.

Breaking above this level could pave the way for further gains, potentially reaching the next thresholds at $1.40 or even $1.50, signaling renewed bullish momentum and market confidence.

GOAT Price Shows Weakening Momentum After Reaching Top 10 Meme Coins Ranking image 2GOAT Price Analysis. Source: TradingView

However, as shown by indicators like RSI and BBTrend, the uptrend may be losing steam. If a downtrend emerges, GOAT price could test its nearest support zones at $0.80 and $0.69.

Should these levels fail to hold, the price could fall further, potentially reaching $0.419, putting its position in the top 10 ranking of biggest meme coins at risk.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Ethereum News Today: Institutions Stake $89B in Ethereum Yields as Bitcoin Fades

- BlackRock’s ETHA ETF recorded $262M in single-day inflows, contributing to $1.83B in 5-day net inflows (85% of daily flow). - Institutional investors purchased 4.9% of Ethereum’s supply, including $89.2M by BlackRock and $21.2M by BitMine. - Ethereum’s 4.5–5.2% staking yields, PoS upgrades, and regulatory clarity (CLARITY/GENIUS Acts) drove institutional adoption. - Dencun/Pectra hard forks reduced gas fees by 90%, while Ethereum’s deflationary model and $5B in tokenized RWAs reinforced its appeal. - ETH

ainvest2025/08/29 21:18
Ethereum News Today: Institutions Stake $89B in Ethereum Yields as Bitcoin Fades

Bitcoin News Today: Bitcoin's bearish test: Will support hold as short-term sellers and Fed uncertainty loom?

- Bitcoin fell below $109,000, facing key resistance at $113,600 and support near $108,000. - Bitcoin ETFs saw $1.5B outflows, contrasting with Ethereum ETFs' $307M inflows as investors shift capital. - Fed policy uncertainty and technical indicators signal bearish pressure, though long-term bullish fundamentals remain intact.

ainvest2025/08/29 21:18
Bitcoin News Today: Bitcoin's bearish test: Will support hold as short-term sellers and Fed uncertainty loom?

Dogecoin News Today: Investors Shift Focus to Pepeto as Dogecoin's Growth Hits Ceiling

- Pepeto (PEPETO), an Ethereum-based meme coin with $6.4M raised in presale, offers zero-fee trading and cross-chain transfers to address limitations of traditional meme coins. - Its tokenomics allocate 30% to presale liquidity, 30% to staking (237% APY), and 20% to marketing, contrasting Dogecoin's $145B supply and limited $10 price potential due to trillion-dollar market cap constraints. - Audited smart contracts, no trading taxes, and whale-driven demand position Pepeto as a high-growth alternative to B

ainvest2025/08/29 21:18
Dogecoin News Today: Investors Shift Focus to Pepeto as Dogecoin's Growth Hits Ceiling