The post Will GOAT Price Keep Climbing or Face a 12% Correction? appeared first on Coinpedia Fintech News
Goatseus Maximus (GOAT) just hit a new all-time high. The price surge has a lot of traders excited, but will it last? GOAT’s price is climbing fast. The market is feeling pretty bullish. But will it keep going up or are there any signs of it slowing down, let’s find out.
Technical Signs
GOAT is up by 29.85% as compared to the last 24 hours despite a 3.97% decline in the trading volume. At the time of writing, GOAT is trading at a price of $1.1243. For the last 8 days, the meme coin has been moving in an upwards parallel channel. It got an upside breakout on November 15 however received a rejection at $1.271 level. This pushed the price down by 12.54%. At present, the moving average 20 along with the upper line of the parallel channel are providing support to the price.
The Average Directional Index (ADX) is at 36.94 showing there is still some power left in the t
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