As the crypto market experiences fluctuations, meme coins like GOAT and POPCAT, alongside the promising altcoin SUI, are capturing the attention of investors. These tokens have shown significant movements recently, with both potential for recovery and risks of further decline. Analyst Tiago Amaral suggests that these assets are worth monitoring during the last week of November. Here’s why these coins are making headlines and what could be next for them.
GOAT: Can the Meme Coin Regain Its Momentum?
The meme coin GOAT has faced a sharp 25.42% decline over the past week, dropping below a $1 billion market cap. After hitting its all-time high of $1.37 on November 17, GOAT lost steam and fell to 12th place among meme coins, overtaken by competitors like MOG and MEW.
According to the analyst, if bullish momentum returns, GOAT could test resistance at $1.23 and potentially retarget its peak at $1.37. However, the Exponential Moving Averages (EMA) suggest a dominant bearish trend. If this continues, support at $0.69 may come under pressure, and a failure at this level could send the price down to $0.419.
SUI: A Mixed Bag of Opportunities and Risks
SUI reached its all-time high of $3.94 on November 17 but has since dropped by 7.56%, falling below a $10 billion market cap. This decline placed SUI behind rising altcoins like Bitcoin Cash (BCH) and Chainlink (LINK). A recent two-hour network outage raised concerns, but the price has managed to stay above $3.
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The analyst notes that SUI’s EMA lines show a bearish pattern, with short-term averages nearing a cross below long-term ones. If the downtrend persists, SUI might test support at $3.09, with a potential drop to $2.20 if this level fails. On the upside, renewed bullish sentiment could see SUI retesting its $3.94 peak and possibly breaking into the $4 range, which could push its market cap to $11.5 billion.
POPCAT: Further Declines on the Horizon?
POPCAT hit an all-time high of $2.08 last week but has since tumbled by 21%. The sharp decline triggered a bearish technical pattern, with its shortest-term EMA crossing below the longest, forming a “death cross.” This pattern signals increasing selling pressure and potential for more downside.
If the correction continues, POPCAT could test support at $1.17, with a drop to $0.90 if this level fails. The analyst warns that these trends indicate a challenging recovery path for the coin in the short term.
Why These Coins Matter
While meme coins like GOAT and POPCAT offer speculative appeal, SUI’s technological foundation and market potential make it a standout among altcoins. Investors should approach these assets cautiously, as technical indicators currently favor bearish trends. For timely updates and deeper analysis, stay tuned to The Bit Journal for expert insights into the crypto market.
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