Market
Meme Coin Goat’s 24% Crash Is Trigger Traders to Turn Bearish

GOAT price has been riding a strong uptrend, recently reaching a new all-time high. This rapid ascent, however, might face turbulence, as the coin saw a sharp 24% dip, raising concerns about a potential drawdown.
The recent price drop has investors questioning whether the bullish momentum can be sustained or if a deeper decline lies ahead.
GOAT Is Losing Ground
Investor sentiment surrounding GOAT is shifting from optimism to caution. Indicators of bearish sentiment have emerged, with Santiment data showing spikes below the neutral line, signaling a dip in confidence. This shift reflects the uncertainty among investors who had been banking on continued growth.
Uncertainty often fuels volatility, particularly in meme coin markets. As GOAT’s recent price drop erodes confidence, traders may become more inclined to exit positions to avoid further losses. This heightened caution could trigger a negative feedback loop, placing additional pressure on the coin’s price.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

GOAT’s macro momentum also shows signs of weakening, primarily reflected in the coin’s funding rate. Although the funding rate remains positive, it has been gradually declining, an indicator that some traders are hedging their positions by opening short contracts. Rising open interest (OI) paired with a dropping funding rate suggests traders are beginning to anticipate a potential price fall.
Short contracts allow traders to profit from declining prices, adding an element of bearish expectation to GOAT’s outlook. As more short positions are opened, downward pressure on GOAT’s price could intensify, potentially accelerating any ongoing downtrend.

GOAT Price Prediction: Bearing the Brunt of a Drop
GOAT recently saw a 24% dip from yesterday’s intraday high, falling short of its effort to establish a new all-time high (ATH). This decline raises concerns about whether the meme coin’s bullish run can be sustained or if a continued drawdown might follow.
If the downtrend persists, GOAT is at risk of breaching the $0.64 support level. A dip below this threshold could open the path to $0.46, amplifying investor losses and weakening short-term market sentiment. Such a drop would signal a shift toward bearish control, possibly spurring further selling.
Read more: 11 Top Solana Meme Coins to Watch in October 2024

However, if the $0.64 support holds firm, GOAT could have a chance to recover. Stability at this level would keep hopes alive for a rebound, giving the coin another shot at surpassing its current ATH of $0.90.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Pi Network (PI) Drops Further Despite Telegram Wallet Deal

Pi Network (PI) has been under heavy selling pressure, with its price down more than 61% over the last 30 days. Despite a recent partnership with the Telegram Crypto Wallet, PI has struggled to regain momentum, as technical indicators remain mostly bearish.
Its BBTrend has been negative for 12 consecutive days, and although the RSI has recovered slightly from oversold levels, it still sits below the neutral 50 mark. With the downtrend firmly intact and critical support levels approaching, PI’s next move will likely depend on whether buyers can step in and reverse the current trajectory.
PI BBTrend Has Been Negative For 12 Days
Pi Network (PI) continues to face bearish pressure, as reflected in its BBTrend indicator, which remains deep in negative territory at -22.34.
This is despite recent headlines about the Telegram Crypto Wallet integrating Pi Network, news that has yet to translate into sustained upward momentum.
The BBTrend hit a recent low of -41 on March 21 and has stayed negative since March 16, marking twelve consecutive days of bearish trend signals. This prolonged weakness highlights the ongoing struggle for buyers to regain control of the market.

BBTrend, or Bollinger Band Trend, is a momentum-based indicator that helps gauge the strength and direction of a trend. Positive BBTrend values indicate bullish momentum, while negative values point to bearish sentiment—the further from zero, the stronger the trend.
With PI’s BBTrend sitting at -22.34, the market remains firmly under bearish influence, even if the worst of the recent downtrend may be easing slightly from its extreme lows.
Unless this trend flips back into positive territory soon, PI’s price could remain under pressure, with buyers staying cautious despite the recent integration news.
Pi Network RSI Has Recovered From Oversold But Still Lacks Bullish Momentum
Pi Network is showing early signs of recovery in momentum, with its Relative Strength Index (RSI) rising to 40.45 after hitting 23.8 just two days ago.
While this rebound suggests a reduction in overselling pressure, PI’s RSI hasn’t crossed above the neutral 50 mark in the past two weeks—highlighting ongoing weakness in bullish conviction.
Despite the slight uptick, the market has yet to see enough strength to shift sentiment meaningfully in favor of buyers. This cautious climb could either lead to a breakout or stall into continued consolidation.

The RSI, or Relative Strength Index, is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and those below 30 suggesting the asset is oversold.
With PI’s RSI currently at 40.45, it’s in a neutral-to-bearish zone—no longer extremely oversold but still lacking strong buying pressure.
For a clearer trend reversal, the RSI would likely need to break above 50, which hasn’t happened in two weeks. Thus, the current move is more of a potential bottoming attempt rather than a confirmed shift.
Will PI Continue Its Correction?
PI price is currently trading within a well-established downtrend, as indicated by the alignment of its EMA (Exponential Moving Average) lines—where shorter-term EMAs remain firmly below longer-term ones.
This setup reflects persistent selling pressure, and if the correction continues, PI could revisit key support levels at $0.718, with a potential drop to $0.62 if that floor fails to hold.

However, recent signs of life in the RSI hint that a short-term rebound might be brewing, offering some hope for a recovery.
If bullish momentum builds, PI could challenge resistance at $1.05 in the near term. A breakout above that level would shift sentiment and open the door for further gains, with $1.23 and even $1.79 as potential targets if the uptrend strengthens.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Eyes 20% Move With Golden Pocket Appearance

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The XRP price is gearing up for another bullish move upward, as a crypto analyst has predicted a 20% surge in the near future. This optimistic forecast is backed by the formation of a key technical pattern called the Golden Pocket and indicators including strong support levels and a critical resistance zone.
Golden Pocket Signals XRP Price Surge
According to TradingView analyst TehThomas, the XRP price is currently trading within a well-defined Ascending Channel, setting the stage for a potential 20% move upwards. In the 4-hour time frame, XRP has continued to respect this Ascending Channel, forming higher highs and higher lows — a key indicator of a sustained uptrend.
Related Reading
Interestingly, the most notable development in XRP’s price action is the appearance of a Golden Pocket on its chart. A Golden Pocket is a key Fibonacci retracement area that is often used to identify potential support and resistance levels. It represents a complete trend reversal for a cryptocurrency and a possibility of an aggressive uptrend.
The TradingView analyst has revealed that XRP’s current Golden Pocket aligns with an imbalance zone, an area of unfilled liquidity where prices typically revisit before resuming movement.

In the chart, XRP’s Golden Pocket sits between the 0.618 – 0.65 Fibonacci retracement level — a well-known area where the price usually finds strong support before continuing the trend. Historically, XRP has reacted twice from this key level, indicating that buyers have been actively defending this area.
TehThomas has predicted that as long as the XRP price can hold above the key Fibonacci retracement level, which also acts as a critical resistance, the cryptocurrency’s bullish structure will remain unchanged. Additionally, XRP could be primed for a massive rally toward the 0.618 Fibonacci extension level, which corresponds with the upper boundary of the Ascending Channel.
If this bullish momentum continues, it means that the analyst expects the XRP price to see a rally to a target between the $2.8 to – $2.9 range. This represents a 29% price increase from XRP’s current price of $2.2.
Short-Term Resistance Could Trigger Decline
TehThomas’s bullish outlook for the XRP price, the TradingView analyst noted that the 1-hour time frame presents short-term resistance, which could lead to a significant pullback before the next leg up. XRP recently faced a rejection at the imbalance zone, indicating that sellers are increasing activity at this level.
Related Reading
Previously, when the price struggled to break the imbalance zone, it highlighted a lack of liquidity to sustain a continued uptrend. A repeat of this could result in a retracement toward the Golden Pocket in the 4-hour timeframe.
Notably, a confirmed breakout from the 1-hour imbalance timeframe could reinforce XRP’s bullish momentum, supporting its projected move toward upper levels of the Ascending Channel. However, a failure could shift this bullish structure, leading to a deeper correction toward lower support levels.
Featured image from iStock, chart from Tradingview.com
Market
Cronos (CRO) Jumps 7%, Tops Altcoin Gainers Today

Cronos (CRO) has been gaining serious momentum in recent weeks after Trump Media announced a partnership with Crypto.com. The news helped drive CRO’s price above the $0.10 mark for the first time since early February, triggering a wave of bullish technical signals.
Indicators like RSI, BBTrend, and EMA alignment all point toward strong upward momentum, with CRO even becoming the top-performing altcoin in the past 24 hours. As traders eye key resistance and support levels, the question now is whether this rally has enough fuel to carry CRO toward $0.20.
CRO RSI Is Back To Neutral After Reaching Its Highest Levels In Years
Cronos has captured market attention in recent weeks, especially following the announcement of a partnership between Trump Media and Crypto.com.
This surge in interest drove CRO’s Relative Strength Index (RSI) to a peak of 89.64 just three days ago—its highest level in over a year—signaling intense buying pressure.
Since then, the RSI has cooled down to 61.2, as the price consolidates after its strong rally. Despite the slight RSI drop, Cronos remains the top-performing altcoin in the past 24 hours, with a 7% price increase, showing that momentum is still in its favor.

The RSI (Relative Strength Index) is a momentum indicator used to assess whether an asset is overbought or oversold. It ranges from 0 to 100, with levels above 70 typically suggesting overbought conditions, and levels below 30 indicating oversold territory.
With CRO’s RSI now at 61.2, the asset is no longer in an overbought state but still shows healthy bullish momentum. This suggests the price could continue climbing, especially if renewed interest or news catalysts emerge.
At the same time, the cooldown from extreme RSI levels may be giving the market room to build a more sustainable rally.
Cronos BBTrend Is Still Very Positive, But Down From The Recent Peak
Cronos has recently flipped its BBTrend indicator back into positive territory, currently sitting at 25.05—down slightly from a recent peak of 26.56 reached just yesterday.
This shift comes after five consecutive days of negative BBTrend values, suggesting a notable change in market momentum.
The move into positive territory indicates that bullish pressure has returned, aligning with the broader uptick in price and sentiment surrounding CRO following its recent surge in visibility and trading activity.

BBTrend, or Bollinger Band Trend, is a momentum indicator that helps identify whether an asset is trending upwards, downwards, or moving sideways.
A positive BBTrend value generally indicates bullish momentum, while a negative value points to bearish sentiment. The higher the value, the stronger the trend.
With CRO’s BBTrend at 25.05, the asset is showing strong bullish momentum, though the slight drop from yesterday’s peak could signal early signs of a cooldown or brief consolidation.
However, as long as the BBTrend stays above zero, the upward bias remains intact, supporting the possibility of further CRO price appreciation.
Can Cronos Rise 100% In The Next Weeks?
Cronos price recently climbed above the $0.10 mark for the first time since early February.
The EMA (Exponential Moving Average) indicators are painting a bullish picture, with short-term EMAs positioned above the long-term ones and maintaining a healthy distance between them—often a sign of strong upward momentum.

If this trend holds, CRO could target the next resistance levels at $0.12, followed by $0.149 and $0.166.
In the case of a particularly strong rally, a move toward $0.20 is on the table. This would mark its highest price since the end of 2024, as conversations about a potential CRO ETF could gain more traction soon.
However, if bullish momentum starts to wane, CRO may pull back toward key support at $0.093. A break below that could accelerate the correction, with $0.082 and $0.068 as the next potential downside targets.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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