GOAT And Act I Are Plummeting. But Is The AI Arc Really Over?
Both GOAT and ACT I are bleeding after an incredible climb to $1.3 billion for GOAT and $885 million for Act I, which occurred after listing on Binance. But is it really over for the AI meme coin meta?
Naturally, the volatile and speculative nature of cryptocurrencies, and meme coins in particular, means that there is always a rotation from one meta to another.
Both GOAT and ACT I appear to be struggling to hold their support levels, which is crucial to avoid another major dip. Both are AI meme coins but with different stories: GOAT surged within days, reaching a $1 billion market cap without a major listing. It’s not even listed on Binance Spot yet, only on Binance Futures. Meanwhile, ACT I, after its initial pump, was trading with little to no volume. This is why the subsequent listing on Binance caught everyone by surprise. Now, both coins are at their first major support levels. Will they react also in the same way?
GOAT And ACT I (The AI Prophecy) At Support – A Possible Buy Opportunity?
GOAT Price Action
(GOATUSDT)
GOAT price is in a corrective phase after reaching an ATH of $1.3 billion. The trend has shifted from bullish momentum to what now seems to be a downtrend characterized by a sequence of lower highs and lower lows. This pattern suggests that the market sentiment is leaning towards a more cautious or even bearish outlook.
Currently, the price seems to be settling near the $0.73 level, which appears to be acting as an important support zone. The market has made a few attempts to stabilize here, indicating that buyers are showing some interest in defending this level. However, the strength of this support is yet to be fully determined—if it continues to hold, it could provide a basis for a potential rebound.
In terms of resistance, there’s a significant level around $0.85, where we also see the 30-period moving average hovering. This moving average, now sloping downwards, acts as a dynamic resistance, mirroring the bearish undertone. A downward sloping MA often hints at continued weakness unless the price action can break above it with some momentum.
For GOAT is now important to hold this support otherwise the next level is around $0.44.
ACT I Price Action
For Act I the chart clearly shows the hype after Binance listing that sent the AI meme coin to an ATH of $883 million after weeks of none to minimum price movement.
After the peak, we see the token entering a corrective phase, gradually declining from its high. Currently, it appears to be in a phase of stabilization or consolidation just above the $0.40 level.
The current price is hovering around $0.42, with a support level at approximately $0.40. The repeated touches and sideways movement at this level suggest that buyers are trying to establish a base here. If this support continues to hold, it could provide a platform for some recovery in the price.
On the other hand, if the support at $0.40 is broken, it could signal more downside risk, as there isn’t a significant historical base in this range to rely on.
AI Meta may simply be in a consolidation phase. Overall, sentiment is still favorable towards AI and it could revert to trend in a moment. That is why both Act I and GOAT seem to be fighting to maintain support, buyers are trying their chances and taking position in a possible second run of this meta.
$ACT I think probably goes a little lower to like $0.37 or something and would like to see it consolidate/form a base before the next move up. Still think AI memes/agents are strong for this cycle pic.twitter.com/wqsPpFQ3Mt
— Altcoin Sherpa (@AltcoinSherpa) November 25, 2024
First Correction For CatSlap After Incredible Rally – This May Be Your Chance To Join The $SLAP Game
Just days after the fair launch, $SLAP hit a $62 million market cap and is now experiencing its first major pullback. Could $SLAP become Ethereum’s most famous cat? The meme coin that slapped its way to a $62 million ATH is now entering a new phase, and the game has just begun. CatSlap, the meme coin with a unique slap game on Ethereum, is catching the attention of those who understand the power of community-driven projects. After reaching an all-time high (ATH) of $62 million, CatSlap is currently in a correction phase, trading at $0.024.
CatSlap’s success story is far from over. The correction phase we’re seeing is typical of projects that have experienced explosive growth. What comes next could be a chance for you to get in before the next big move.
The GamiFi Experience Makes SLAP More Than Just A Meme Coin
CatSlap brings the fun of internet cat videos to blockchain, offering a game where you slap animated cats to earn high scores. Players can also boost their country’s ranking on the global Slapometer. This simple, addictive gameplay sets CatSlap apart from other meme coins by creating a gamified experience that encourages community competition and engagement.
Interest in CatSlap has been rapidly growing, and the team has already partnered with Best Wallet, giving $SLAP immediate exposure to over 60,000 users.
To add to its appeal, CatSlap also offers a staking option, allowing holders to maximize their passive income. The staking protocol features an attractive 40% APY, with all stakes locked for seven days. For those who wish to unlock their tokens earlier, there’s an option to burn a portion of the staked balance to gain early access—adding flexibility to an already rewarding system.
Don’t miss your second chance. Join the CatSlap movement and slap your way into the future.
Explore: What The HELL is Happening on Pump.Fun?
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