Altcoins like GOAT, SUI and POPCAT have seen notable shifts in momentum after recent peaks. GOAT, which hit an all-time high at $1.37, has dropped 25.42% over the past week, dropping out of the top 10 meme coins.
SUI, after hitting a record high of $3.94, has fallen 7.56%, falling below its $10 billion market cap and behind altcoins like Bitcoin Cash and Chainlink. Meanwhile, POPCAT recorded a sharp decline of 21.00% from its peak of $2.08, suggesting further potential corrections as bearish technical patterns emerge.
GOAT
GOAT price has seen a significant decline, down 25.42% in the past week and falling below the $1 billion market cap. After hitting a record high of $1.37 on November 17, the altcoin’s momentum has cooled.
Once ranked in the top 10 meme coins by market capitalization, it has now dropped to 12th place, making way for MOG and MEW.
If bullish momentum resumes, GOAT could test resistance at $1.23, potentially surpassing the previous high of $1.37. However, the EMAs point to a current downtrend.
If this trend continues, the currency could test the support at $0.69, and if this level fails to hold, the price could drop as low as $0.419.
SUI
SUI hit an all-time high of $3.94 on November 17, but has since begun to decline, down 7.56% over the past week.
The altcoin recently dropped below its $10 billion market cap, behind other altcoins like Bitcoin Cash (BCH) and Chainlink (LINK). The coin recently faced a two-hour outage, but the price did not fall as much as many predicted, remaining above the $3 mark.
The EMAs show that SUI is in a downtrend, with the short-term lines close to a bearish cross below the long-term lines. If it continues, SUI could test support at $3.09, with a drop to $2.20 possible if lower levels fail to hold.
However, the new bullish momentum could help SUI challenge its all-time high of $3.94 and possibly test the $4 mark, lifting its market cap to $11.5 billion for the first time.
POPCAT
POPCAT reached an all-time high of $2.08 just about a week ago, but has since seen a sharp decline, down 21.00% in the past seven days.
This drop is accompanied by bearish signals, with the shortest EMA lines below the longest ones, forming a “death cross”. This technical pattern suggests increased selling pressure and the potential for further decline.
If the correction continues, POPCAT could test support at $1.17, with a drop to as low as $0.90 if lower support fails.
However, a reversal in momentum could see POPCAT rise to test $1.82, and if this resistance is broken, could return to the $2 mark, potentially establishing a peak new record.
