- GOAT reached $1.25, supported by bullish momentum and rising demand.
- Liquidation data suggests short-term gains toward $1.2 or $1.3 are likely.
- Low trading volume raises concerns about a potential reversal near key resistance levels.
Goatseus Maximus recently reached a new all-time high of $1.25. The token’s market cap now stands at $1.26 billion, supported by strong bullish momentum. Short-term data suggests prices could climb higher, but signs of weakening demand raise concerns. The liquidation map shows a path for gains, yet risks of a reversal remain.
Bullish Signals Push GOAT to $1.25
GOAT has maintained a bullish market structure on the 4-hour chart since early November. The token broke through resistance at $1 on 15 November, rising to $1.25. This rally aligns with consistent higher highs and higher lows over the past two weeks.
The Relative Strength Index (RSI) has stayed above neutral 50, reflecting strong buyer activity. Additionally, the On-Balance Volume has steadily increased, confirming demand from investors. However, trading volume has remained below average since 11 November, signaling reduced participation from buyers.
Data from the liquidation map highlights significant short liquidation levels between $1.16 and $1.2. This suggests prices may be drawn higher to capture liquidity. Strong interest in this range supports the likelihood of further gains in the near term.
Gains Possible, but Reversal Risks Persist
Goat’s liquidation map hint at short-term gains, with prices targeting $1.2 or $1.3. However, low trading volume raises questions about whether buyers can sustain the current rally. The range between $1.2 and $1.3 presents a potential reversal zone.
A strong rejection from this level could trigger a pullback toward $1. This risk highlights the importance of watching price action closely as GOAT approaches key levels. GOAT’s recent rally showcases significant momentum and trader confidence.
However, reduced trading volume and reversal risks call for cautious optimism. Traders should remain prepared for sharp movements as GOAT navigates this critical phase.
The post GOAT: Short-Term Gains Possible, but Risks Loom Ahead appeared first on Crypto News Land.
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