GOAT surges over 30% within the day, is AI meme making a comeback as a market hot topic?
The meme coin named GOAT issued by artificial intelligence Truth Terminal has performed outstandingly in the past few months, breaking the $1 billion mark at one point. The excellent performance of GOAT has captured the attention of every participant in the market, and its market value and huge increase have also opened up the imagination space for AI projects in the cryptocurrency market. The emerging AI Agent leading tokens such as VIRTUAL, AI16Z, and AIXBT after GOAT are leading a new narrative.
AI Bot autonomously talks about memes, it looks like no one interferes, it’s a bit sci-fi and full of topics, maybe this is also becoming a correct narrative. GOAT was not initially the “greatest of all time”, it was a hot topic in the meme market, and it has always been impressive, existing is a reasonable logic. According to Gate.io market data, GOAT is currently priced at $0.3598, with a 24-hour increase of 32.82%, becoming the most shining star among mainstream altcoins.
On the news front, Andy Ayrey, the founder of Truth Terminal, announced the sale of the majority of FARTCOIN tokens held by the project through over-the-counter trading. Ayrey stated that the counterparty has committed to responsibly holding these tokens and will not cause market selling pressure. In addition, a portion of the proceeds from this transaction will be used to increase the holdings of GOAT tokens to show gratitude to the community that has been driving the development of decentralized AI. The Truth Terminal Foundation currently holds approximately 0.5% of the GOAT supply and plans to hold it in the long term.
GOAT Token Market Analysis
24-hour trading data
- Current Price: 0.3598 USDT
- Increase: 32.82%
- Highest Price: 0.388 USDT
- Minimum price: 0.2616 USDT
- Volume: 96,054,669 GOAT
- Net Inflow of Funds: 13,868,164 USDT
Support and Resistance Levels
- Support level: 0.2309 USDT
- Resistance level: 0.3432 USDT
Technical Indicators
- Bullish Indicator: MACD has a golden cross, indicating that it may continue to rise in the short term.
- Bearish indicators: RSI overbought, BOLL upper band touched, may face downside risk.
Trading Strategy Recommendation: Short-term Bearish
- Direction: Bearish
- Entry Price: 0.3880 USDT
- Stop-loss price: 0.3950 USDT (set above the resistance level)
- Target Price: 0.3430 USDT (Support Level)
Reasons and characteristics: RSI overbought and BOLL upper rail touch indicate a possible pullback, suitable for shorting at high positions. Set stop loss above the resistance level to prevent unexpected rise, and set the target price at the support level to ensure risk control.
Future Outlook
The GOAT token has attracted investors not only because of its price increase, but also because it represents the rise of AI-themed projects. This trend could potentially become a powerful driver for further growth of the GOAT token in the future.
The strong market performance of the GOAT token may continue to attract market attention in the future, driven by the AI theme and Meme coin trends. However, investors should pay attention to changes in technical indicators, set stop-loss and target prices reasonably to mitigate potential market pullback risks. With further support from Truth Terminal and the advancement of decentralized AI projects, the long-term prospects of the GOAT token are still worth paying attention to.
