CandleFocus Squirrel Overpowers GOAT: PNUT’s Price Rally Eclipses Goatseus Maximus’ Demand
2024-11-19
Author: Content Editor
The rise of Peanut the Squirrel (PNUT) has caused meme coin GOAT to lose its market dominance. PNUT has become more popular among investors, leading to a decline in GOAT's engagement metrics. However, despite the decline, GOAT investors remain optimistic and are placing long contracts, hoping for a price recovery. The funding rate for GOAT is positive, but strong market cues are needed for meaningful price gains. GOAT's price has fallen by 25% in the last 24 hours and further declines are likely if bearish momentum continues. The critical support level for GOAT is at $0.72, and breaking this support could lead to more significant losses. On the other hand, if GOAT rebounds from $0.72, it could potentially breach previous highs and regain its market position.
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