Resistance

when

USDC

<ul class="wp-block-list">
 <li>A whale has spent $7.14M on 21.39M $GOAT, signaling strong confidence and continuous buying despite a recent price drop.</li>  
 <li>$GOAT's price hovers near $0.30, with whale purchases driving up trading volume and creating volatility in the market.</li>  
 <li>Whale activity has pushed $GOAT's price up from its $0.12 base, with support at $0.20 and potential gains toward $0.60 if buying pressure holds.</li> 
</ul>  
<p>Whale activity in the $GOAT market has intensified, significantly impacting price action. <a href="https://cryptonewsland.com/whale-profits-big-on-popcat-reinvests-1-45m-in-giga-amid-market-volatility/" target="_blank" rel="noopener noreferrer nofollow">Whale trades have been happening</a> frequently in the last several days, indicating high confidence in $GOAT's potential.&nbsp;</p>  
<p>Notably, at an average price of $0.3338, a whale paid $7.14 million to purchase 21.39 million $GOAT. This aggressive buying comes despite $GOAT experiencing a price drop. Moreover, the whale continues purchasing the token, further increasing its holdings through four wallets.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/lookonchain/status/1848262510551380376
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</figure>  
<h2 class="wp-block-heading" id="h-whale-withdrawals-and-market-response">Whale Withdrawals and Market Response</h2>  
<p>In the last 48 hours, the whale withdrew an additional 2 million USDC from Binance, spending a total of 6 million USDC to acquire 17.15 million $GOAT at an average price of $0.35. Besides, $GOAT saw heightened volatility when another whale withdrew 4 million USDC to buy $GOAT, split across two wallets.&nbsp;</p>  
<p>This aggressive buying has driven $GOAT’s trading volume higher, with the whale’s total spending reaching 3.07 million USDC for 10.09 million $GOAT at $0.3045. Consequently, the whale now holds $GOAT positions worth millions.</p>  
<h2 class="wp-block-heading" id="h-technical-analysis-key-support-and-resistance-levels">Technical Analysis: Key Support and Resistance Levels</h2>  
<p>From a technical perspective, $GOAT has seen a series of volatile price swings since early October. Initially forming a base around $0.12, it rapidly broke through resistance at $0.20, climbing toward $0.36.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/Trader_XO/status/1847977393455071237
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</figure>  
<p>However, on October 19th, a sharp spike saw $GOAT peak near $0.50 before pulling back significantly. The current price hovers around <a href="https://coinmarketcap.com/currencies/goatcoin/" target="_blank" rel="noopener noreferrer nofollow">$0.30</a>, with critical support at $0.20. However, traders suggest potential price movements could drive $GOAT toward $0.60 if buying pressure resumes.</p>  
<p>Moreover, market sentiment is <a href="https://cryptonewsland.com/dogecoins-18-price-correction-why-whale-activity-might-signal-a-new-move/" target="_blank" rel="noopener noreferrer nofollow">driven by increased whale activity</a>, as seen with constant withdrawals of USDC from Binance to purchase $GOAT. This accumulation trend indicates optimism in $GOAT’s future price action.</p>  
<h2 class="wp-block-heading" id="h-outlook-continued-whale-buying">Outlook: Continued Whale Buying</h2>  
<p>The ongoing whale buying spree suggests strong confidence in $GOAT's long-term potential. Moreover, increased trading volume has fueled speculation of further price movements. As a result, investors should closely monitor whale activity, particularly the interaction between key support and resistance levels.</p> 
<p>The post <a href="https://cryptonewsland.com/whale-spends-over-7m-on-goat/" rel="noopener noreferrer nofollow">Whale Spends Over $7M on $GOAT, Igniting Market Confidence Despite Price Drop</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Whale Spends Over $7M on $GOAT, Igniting Market Confidence Despite Price Drop

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