By Goatseus Maximus (GOAT) attracted the crypto community’s attention after becoming the first token launched on Pump.fun to hit the $1 billion market cap milestone.
However, GOAT lost the mark within five days as it plunged from $1.34 billion on November 17 amid faded social hype.
Early this week’s flash crash dropped it to $500K on December 10.
Meanwhile, bulls reacted quickly as the broad market witnessed swift rebounds.
Double-digit recoveries have seen GOAT’s market cap climb from the latest monthly lows to $828.47 million at press time.
The meme token exhibits robust bullish momentum, and the $1B mark appears within reach.
The upside stance comes as the native coin presents impressive price actions.
What’s behind GOAT’s current momentum
The altcoin’s recovery over the past day came as the cryptocurrency market staged revivals after the latest crash.
Meanwhile, news of the OKX listing contributed to GOAT’s swift surge.
#OKX will list $GOAT @gospelofgoatse!
🟢 $GOAT/USDT Spot trading begins at 10:00 AM on December 12 (UTC)
More: okx.com/help/okx-to-li…
The top cryptocurrency exchanges by volume revealed that it will list the viral meme token today, December 12.
OKX will open GOAT deposits at 6:00 UTC, whereas GOAT/USDT spot trading pairs start at 10:00 UTC.
Investors can begin withdrawing the tokens starting at 14:00 UTC.
The announcement sparked optimism around the altcoin, opening the path for more gains.
GOAT price outlook
The AI coin trades in the green after gaining over 30% on its daily chart.
GOAT bounced back after its downtrend secured a support barrier at $0.46.
The demand area catalyzed the bounce-back that welcomed the ongoing gains, confirming a bullish comeback.
GOAT surpassed the crucial resistance of $0.70 with today’s solid upswing.
The altcoin should trade above this level to extend its gains.
That could trigger steady recoveries toward record highs of $1.4, translating to a 71% increase from the current price of $0.82.
Meanwhile, broad market conditions would be crucial in shaping such a robust uptrend.
Key price levels to watch
Analyzing GOAT’s weekly chart reveals a crucial liquidity territory where massive GOAT leveraged positions risk liquidations.
Coinglass shows significant volume of leveraged orders, worth nearly $1 million, sat at the $0.866 mark – 5.6% away from current prices.
These positions might face liquidation if GOAT’s price hits this mark.
The massive concentration of orders indicates that price surges to $0.866 could attract surged buyer activity, with traders targeting accumulated liquidity.
Meanwhile, overcoming the $0.866 obstacle could trigger short squeezes and explosive price gains.
The region remains vital as a reliable launchpad amid bullish actions.
GOAT stays on investor radar as among the top AI cult tokens, and the improved social traction could drive stable price actions in the coming sessions.
OKX listing testifies to the increasing popularity of Goatseus Maximus.
The meme token seems to have the momentum it takes to lead the awaited altcoin season wave.
The post Goatseus Maximus (GOAT) eyes $1B market cap amid bull resurgence appeared first on Invezz
