Memecoin Goatseus Maximus (GOAT) is showing significant growth, reaching a high of $0.248 amidst its new listing on the Binance Alpha platform.
Listing on Binance Alpha
GOAT was recently added to the Binance Alpha platform, a section designed to highlight promising crypto projects. Although a listing on Alpha does not guarantee a spot on the main Binance platform, projects showing high community interest and trading volume have a better chance of being fully listed in the future.
Overall Rally of Solana Memecoins
GOAT's rise coincides with an uptick in the popularity of Solana-based memecoins, which have increased by 10.5% over the last day. Other memecoins like dogwifhat, Peanut the Squirrel, and cat in a dogs world have also shown strong performances, rising between 25% and 100%.
GOAT Price Analysis
Analyzing GOAT's price shows bullish signals on the charts. The 20-day exponential moving average crossed above the 50-day average, forming a 'golden cross.' The Supertrend indicator has also flipped green, indicating sustained upward momentum. The Money Flow Index reached 91, suggesting strong buying pressure.
The data and technical analysis suggest growing optimism among traders, indicating considerable growth potential for GOAT if a full Binance listing occurs.
