The AI meme coin Goatseus Maximus (GOAT) is building anticipation as its price climbs within an ascending channel, with traders observing strong buying support at key levels. Analyst Daan Crypto Trades highlighted the token’s resilience and potential for a sharp breakout.
Moreover, he draws attention to increased interest in the project, which could lead to more trading activity. In his analysis, Daan Crypto Trades pointed to an ascending channel on the 1-hour price chart of GOAT.
Additionally, he suggested a bullish trend as the token consistently records higher highs and higher lows. The price action remains within two parallel yellow trend lines, indicating steady upward momentum. This channel structure reflects growing buyer interest as dips are quickly absorbed, reinforcing confidence in the token’s potential for future gains.
The chart shows strong respect for the channel’s lower boundary, with each downward move met by buying support. This consistent demand helps maintain the upward trajectory, while the channel’s upper line now serves as a resistance point that, if broken, could signal accelerated price gains.
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GOAT’s Support Zone Strengthens After Breakout
Daan Crypto Trades also noted a breakout above a prior resistance zone at $0.87–$0.90, now serving as a support level. This range had previously constrained GOAT’s price but now provides a stable base that buyers have held successfully.
The breakout above this resistance and the continued interest in this range suggest that buyers are committed to sustaining the upward trend, further signaling confidence in the asset.
By holding this support, Goatseus Maximus builds a foundation that could facilitate a “violent breakout” in line with Daan’s analysis. If the upper resistance of the channel is broken, potential price targets could extend to and beyond $1.20 and $1.50.
Read also: XRP Price Hits Multi-Year Resistance Break, Could $1.03 Be Next?
Volume Spike Reflects Growing Market Activity
A notable spike in trading volume near the lower end of the price channel reflects heightened interest in Goatseus Maximus. This volume activity points to accumulation by buyers at lower levels. This could lay the groundwork for a sharp upward movement if momentum continues.
Increased trading volume, particularly near support levels, is often associated with accumulation phases, suggesting a buildup of demand that may propel prices higher in the near term.
Daan Crypto Trades also speculated on a potential Binance spot listing for Goatseus Maximus, which could catalyze further price appreciation.
Listings on major exchanges often draw more trading interest and increase liquidity, both of which can drive the price higher. Although no official announcement has been made, anticipation of a Binance listing could contribute to the token’s performance and increased trading volume.
Market Performance
According to CoinGecko, GOAT’s current price stands at $0.9227, reflecting a 4.67% gain over the past 24 hours and a 16.15% increase in the last seven days.
The 24-hour trading volume reached $657,029,107, underscoring strong market engagement and growing investor interest in the asset.
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