- GOAT price surged 28.8% after OKX listing announcement.
- OKX introduces measures to manage trading volatility for GOAT.
The meme coin Goatseus Maximus (GOAT) has experienced an impressive price surge following its listing announcement on OKX, one of the largest cryptocurrency exchanges by trading volume. In the past 24 hours, GOAT saw a remarkable 20% increase in price, climbing to $0.83. The surge has been accompanied by a significant rise in trading volume, which is up by 31%, signaling growing investor interest in the token.
GOAT’s rally began shortly after OKX’s official announcement on December 12, 2024, confirming that deposits for the token would open at 6:00 UTC, followed by the start of spot trading at 10:00 UTC. The token’s price action shows a notable rebound from the $0.46 support level, indicating strong demand at this price point.OKX has also introduced a precautionary measure to limit market orders to $10,000 during the first five minutes of trading to mitigate volatility.
Moreover, the decision to list GOAT comes after the token’s recent viral success, with a market cap of approximately $809 million, placing it among the top 21 memecoins by market value. The price spike followed the announcement has positioned GOAT as one of the most talked-about tokens in the crypto space, further enhancing its visibility and appeal to traders.
GOAT Bulls To Hit More ATHs?
The token’s price action has been marked by a notable rebound from a support level around $0.46, reflecting strong demand at this price point. GOAT is currently testing a key resistance level at $0.70.
If the token manages to break through this level and convert it into support, it could signal a continuation of its bullish trend. Technical analysis suggests that successful price action above this resistance could push the token towards higher levels, potentially reaching its previous high of $1.4.
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