GOAT’s Spectacular 273% Rise in 5 Days, Will $0.2 Last?

Updated

May 14, 2025

Gambar GOAT’s Spectacular 273% Rise in 5 Days, Will $0.2 Last?

Jakarta, Pintu News – The memecoin market has recently witnessed a significant surge, fueled by Bitcoin’s sharp rise of 9.2% in the past week. Although Bitcoin (BTC) experienced a decline of 2.6% from its recent peak of $105,800, the altcoin market as a whole still showed a strong performance. In six days, the market capitalization ofecoins jumped from $52.7 billion to $73 billion, signifying an increase of 27.8%.

Memecoin Performance and its Impact on GOAT

The biggest memecoins such as Dogecoin and Shiba Inu have recorded impressive gains, with Dogecoin (DOGE) up 38% and Shiba Inu (SHIB) 28%. Pepe Coin even recorded a dramatic surge of 76%. These gains indicate a strong bullish sentiment in the market, which also had a positive impact on the performance of Goatseus Maximus . With steady buying pressure on Dogecoin (DOGE), this gives a positive signal for other memecoins including GOAT.

Also Read: Potential for XRP, Kaspa, and Solana in the Next Altcoin Cycle According to Analysts!

GOAT Consolidation and Rally

Since mid-March, GOAT has been consolidating around the $0.055 level and hit a low of $0.035 on April 7. However, since then, GOAT has experienced a stunning rise of 460%. The token managed to break resistance at $0.065 in late April and retested the level as support in early May. This paved the way for the intense rally that followed, with GOAT successfully breaking two key resistance levels at $0.116 and $0.198.

Defense at Critical Level and Future Prospects

Currently, GOAT market participants are striving to maintain the $0.198 level as support. Technical indicators are showing bullish signals, with the Volume Balance (OBV) showing an uptrend since March. Although the Relative Strength Index (RSI) reached 82, indicating overbought conditions that could potentially trigger a short-term price drop, there is still a possibility of consolidation around $0.198-$0.2 before the rally continues. If the price drops below $0.198, the $0.144-$0.174 demand zone could be retested.

Memecoin Bullish Momentum

With strong defenses at critical levels and positive market sentiment, the future looks bright for GOAT. While there is potential for a short-term dip, the long-term trend still shows a lot of promise for further growth. Investors and market watchers will continue to closely monitor this dynamic.

Also Read: New York Mayor Appoints Crypto Advisor After Corruption Case Dropped

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.