Goatseus Maximus (GOAT) Price Breaks $1, Is $5 Next for This Crypto Sensation?

Goatseus Maximus has been the internet and crypto sensation for days now. An AI bot called Truth Terminal showed interest in generating a memecoin after finding its demand in the crypto market fascinating. With the meme of Goatse gospel, the AI bot that handled its own X social media profile began talking about this meme, but the same became the investor’s favorite, as the GOAT price surged 716% ever since its launch.

Following the bull dominance, the token has recently achieved an ATH at $1.06, making a major milestone. It is one of the top memecoins, despite its recent launch. With that, the analysts are engaged, anticipating the GOAT price surge to as high as $5.

Analyzing the Goatseus Maximus Price Performance

An anonymous person created the popular Solana meme coin, Goatseus Maximus, and tagged the bot. Interestingly, the bot began promoting the token and even bought some for himself, becoming the first AI bot millionaire after the GOAT price surged with time. The token’s connection with AI gave it unique demand in the market, and the token stood firm on the investor’s expectation, as it has constantly moved up, making multiple ATHs in less than a month. It has newly achieved an ATH of $1.06, raising its demand even higher.

However, the token has moved significantly since ATH and lost more than 16% of its value. It is now trading at $0.873, which is disappointing to many. However, the trading volume is up to $605.76M, which is higher than the ATH moment. This 126% surge in the 24-hour trading volume indicated its high demand among investors. With that, it is the 83rd top cryptocurrency, with a market capitalization of $869.18M.

Will GOAT Price Hit $5 Next?

Over the month, the Goatseus Maximus created multiple peaks and reached the milestone of $1, when other popular meme-themed cryptos like Dogecoin and others failed to achieve the same for years. This makes it special, as it has achieved such high gains in such a short time. Moreover, exchange listing is favoring the rally, but the top crypto exchanges are still away from listing, which is a limiting factor for the token.

📣 $GOAT is Officially listed on #BybitSpot with Spot Grid Bots function available! @gospelofgoatse

Collect all puzzle pieces to share a 250,000 #GOAT prize pool.

🌐 Learn More: https://t.co/Ko3NpOQ2Bm
📈 Trade Now: https://t.co/nKDiJpMQJj#TheCryptoArk #BybitListing pic.twitter.com/w3F3jNhXab

— Bybit (@Bybit_Official) November 13, 2024

Interestingly, the token has had big bonus points since the beginning, other than the AI bots support.  Goatseus Maximus had a listing price of $0.1041, which is high for the memecoin category. Regardless, some even have compared it to the PEPE due to the weeks-long rally.

However, the token has moved downward too quickly, indicating a selling pressure on the token. In contrast, the technical analysis indicates a strong buying pressure, which points to the upcoming gains. Here, RSI is in the neutral zone, and the MACD is also in the buying zone, along with the moving averages.

So, the token might initiate another uptrend if it bounced back from the pivot at 0.78950. Additionally, the GOAT price chart is forming a rare and bullish cup and handle pattern, where the ongoing price decline is part of the consolidation, creating the handle section. If the Goatseus Maximus price surpassed the newly created ATH, it might jump toward the $5 mark thanks to this bullish pattern.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.