GOAT Price Rallies 17% After OKX Listing, Can It Break $1?
After OKX announced the listing of the GOAT/USDT spot pair on December 12, the price of GOAT increased by approximately 17%. This development adds to the coin’s ongoing recovery from its recent sharp correction, fueling optimism for further gains.
Average Directional Index (ADX) and Relative Strength Index (relative strength index) indicates momentum is building and bullish activity is starting to build. The next few days will be crucial to determine whether the listing pushes GOAT above resistance and targets prices above $1.
GOAT’s listing announcement may trigger a new round of craze
GOAT price increased by about 17% oaks Tweeted that it would be Listed On December 12, its USDT spot pair. The meme token, which has recovered from its recent correction, may see a new spark depending on how a few indicators perform in the coming days.
On December 10, GOAT’s ADX surged above 32, indicating the strength of a significant downtrend, causing the price to retrace 40% in just three days. Still, goats are the biggest same corner In terms of market cap, it was originally launched on Pump.fun.
This sharp decline reflects significant selling pressure, with ADX levels indicating strong and sustained bearish momentum during the period.
ADX, or the Average Directional Index, measures trend strength without regard to direction. Values below 20 indicate a weak or non-existent trend, while readings above 25 indicate a strong trend.
If this trend strengthens, goat price A short-term recovery is likely as bullish momentum builds, but the relatively low ADX value suggests that the new trend is still in its early stages and requires further confirmation.
GOAT RSI is not yet in the overbought zone
On December 10, GOAT’s RSI reached 24, indicating an oversold condition after a period of intense selling pressure. However, the index has since recovered and currently stands at 58.7, indicating a return to more neutral territory. This shift indicates that the selling momentum has subsided and the coin is returning to stability as buying activity increases.
RSI, or Relative Strength Index, measures the speed and magnitude of price changes to assess whether an asset is overbought or oversold. Values below 30 indicate oversold conditions and often signal potential buying opportunities, while values above 70 indicate overbought levels, which may lead to selling pressure.
RSI is 58.7, goat It is approaching bullish territory but remains below overbought levels. If buying interest continues to support the recovery, this position could indicate scope for further upside in the near term.
GOAT Price Prediction: Levels above $1 are difficult, but not impossible
goat price Currently trading within a range, it found support at $0.65 and faced key resistance at $0.87. A break above this resistance could see the price climb to $0.95, while a successful move above this resistance could push GOAT to $1.27 for the first time in weeks.
Such a move would represent nearly 70% potential upside, indicating strong bullish momentum if the uptrend gains traction.
However, maintaining support at $0.65 will be crucial to sustain the current uptrend. Failure to maintain this level may result in goat A break below $0.6 signals potential weakness.
It is also important to monitor the EMA lines, as the shortest-term EMA is approaching a bullish crossover. If such a crossover occurs, it could act as a catalyst for a price surge, further increasing the likelihood of a breakout of resistance and continued gains.
Disclaimer
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