Goatseus Maximus, the popular Solana meme coin, surged this week, crossing the significant resistance level at $1 as the crypto fear and greed index rose. Goatseus Maximus (GOAT) token reached a record high of $1.066 on Thursday, Nov. 14, before…
As the cryptocurrency fear and greed index increased this week, the well-known Solana meme coin, Goatseus Maximus, soared, breaking through the crucial barrier level at $1.
Maximus Goatseus 3.1% of goats are Goatseus Maximus.
On Thursday, November 14, the Goatseus Maximus token hit a record high of $1.066 before dipping a little to $0.95. From its October low, it has risen about 500%, reaching a market valuation of approximately $932 million.
This week’s listings by many exchanges coincided with GOAT’s ascent, making it accessible to millions more traders. Bitget, Uphold, and Bybit, the world’s second-largest exchange, listed it. Traditionally,]
Even with these developments, the majority of tier-1 exchanges still do not provide GOAT, which could spur further expansion. The majority of its trading activity takes place on exchanges like as Gate, MEXC, and Raydium, indicating that if volume grows, it may eventually be listed on larger platforms like Coinbase, Binance, and Crypto.com.
The rise also occurred when the cryptocurrency market saw a surge in FOMO, as seen by the fear and greed index reaching the severe greed zone of 86. Generally speaking, meme currencies rise when investors are feeling avaricious.
As other well-known Solana meme coins rise, this pattern is clear. For example, ACT has increased by 2,758% over the last seven days, whereas Peanut the Squirrel Peanut the Squirrel pnut 18.78% The Peanut the Squirrel token has increased by more than 1,390%. Book of Meme, Bonk, and Cat in a Dog’s World are some of the other outstanding performers.
Technical indicators show that the GOAT price will surge to $5.
According to the 4-hour chart, the Goatseus Maximus token hit a record high of $1.066 this week after plunging to a low of $0.1563 on October 21.
An uncommon cup and handle pattern, which is usually a harbinger of bullish continuation, has been produced. The handle portion includes continuous consolidation.
Additionally, the price of GOAT continues to be above both the 25- and 50-period moving averages, which is encouraging.
If the price of the GOAT token rises over this week’s high of $1.066, more gains could be verified. The price of the GOAT token may rise to $5, a 426% increase from its current value if this happens and the meme coin surge continues.
The meme coin business frequently experiences these significant fluctuations. For instance, in only the previous seven days, the value of currencies like Luce, Fartcoin, Comedian, and Zerebro has increased by more than 500%.