The price of GOAT has experienced a significant uptrend, reaching a new all-time high. However, there has been a sharp 24% dip, raising concerns about a potential drawdown. Investor sentiment is shifting from optimism to caution, with indicators showing a dip in confidence. This uncertainty could lead to increased volatility and traders exiting positions. The coin's macro momentum is also weakening, indicated by a declining funding rate and the opening of short contracts. If the downtrend persists, GOAT is at risk of breaching support levels, but if the support holds, there is potential for a rebound.



Other News from Today