Goatseus Maximus (GOAT) price has surged 34.19% over the past seven days, recently reaching a $1 billion market cap milestone. However, technical indicators suggest the uptrend is losing strength, with the ADX and RSI pointing to fading momentum.
While the EMA lines remain bullish, short-term trends are beginning to decline, signaling a potential shift in market sentiment. GOAT now sits at a critical point where it could either test resistance at $1.36 or face a deeper correction toward key support zones.
The Current Trend Is Losing Steam
GOAT ADX has dropped to 29.77 from 38 over the past few days, indicating a weakening in trend strength. While the value still suggests that the asset is in an uptrend, the decline shows that the momentum behind the current trend is fading.
The ADX, or Average Directional Index, measures the strength of a trend on a scale from 0 to 100. Values above 25 indicate a strong trend, while values below 20 suggest a weak or directionless market.
With GOAT’s ADX now falling closer to the lower threshold, it suggests the current uptrend is losing steam. If the ADX continues to decline further, traders should watch for signs of a potential downtrend or a sideways movement as the market adjusts.
GOAT RSI Shows a Neutral Zone
GOAT is today the biggest coin ever launched on Pumpfun, Solana’s biggest coin launchpad. GOAT’s RSI has dropped to 50.60 from over 70 a few days ago, reflecting a cooling off in bullish momentum. Previously in the overbought territory above 70, the asset was experiencing strong upward pressure.
However, the decline to neutral levels indicates a slowdown in buying activity, suggesting that the
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Author: Tiago Amaral
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