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GOAT Price Shows Weakening Momentum After Reaching Top 10 Meme Coins Ranking

GOAT Price Shows Weakening Momentum After Reaching Top 10 Meme Coins Ranking
The price of GOAT (an acronym for "Greatest of All Time") has increased by 214.29% in one month, making it the 10th largest meme coin with a market cap of over $1 billion. However, recent indicators suggest that the uptrend may be weakening, with the BBTrend turning negative for the first time since November 17. This could indicate a potential correction or bearish momentum. The RSI has also dropped, indicating a cooling off of buying momentum and a shift towards a more neutral sentiment. If the uptrend regains strength, GOAT could retest its all-time high and potentially reach higher price thresholds. However, if a downtrend emerges, the price could test support zones and potentially fall further.

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