Gorilla Price Prediction: GORILLA Pumps 100% In A Month As Experts Say This New Solana Meme Coin Might Overtake Bonk, Dogwifhat And Myro

The Gorilla price is up 100% in the last month and 6% over the last 24 hours to trade for $0.004861 as of 1:20 a.m. EST time.

But even as trading volume plunged 84%, the token still secured a place on today’s top trending list on CoinMarketCap.

https://twitter.com/CoinsScan/status/1761951701412778355

Meanwhile, the token is sitting on support due to the 50-day Simple Moving Average at $0.004367. From a technical standpoint, the Gorilla price is likely to fall, with the Relative Strength Index (RSI) inclined south to signify falling momentum.

If the trajectory of the RSI continues, it could soon cross below the 50 threshold. Such a move, coupled with the Moving Average Convergence Divergence (MACD) below its signal line and in negative territory would kickstart another bearish cycle. Notice the Awesome Oscillator (AO) indicator is also in negative territory, enhancing the base for the bears.

With a red Japanese candlestick already in play, the bears are already in the scene. If they have their way, the Gorilla price could descend, first losing support due to the 50-day SMA before an extended fall to the midline of the channel. In a dire case, GORILLA market value could hit $0.005592. Such a move would denote a 55% drop below current levels.

For as long as the price remains within the confines of the channel, however, GORILLA holders will continue incurring losses.

TradingView: GORILLA/USDT 1-day chart

Converse Case

On the other hand, if the bulls increase their buying pressure, the Gorilla price could push north, first breaching the 23.6% Fibonacci retracement level of $0.005592. Breaching the aforementioned level could set the pace for GORILLA to shatter the upper boundary of the channel before confronting the 38.2% Fibonacci level of $0.007754. In a highly bullish case, the gains could see the altcoin test the 50% Fibonacci level, above which the bearish thesis would be invalidated.

Meanwhile, despite fading performance in the meme coin sector, new boy Smog continues to record remarkable gains, with a landmark 1,400% surge just a few hours after launch.

Smog has garnered significant attention within the meme coin community this month following its fair launch on Jupiter DEX on February 7. The airdrop-oriented meme coin continues to witness substantial growth, and traders have even listed it among their top picks for the best meme coins to invest in. The token also features on crypto analyst Jacob Bury’s ranking of the top seven altcoins with a potential for 10X gains by the Bitcoin halving in April.

Promising Alternative To GORILLA

Advertised as the ‘greatest airdrop of all time’, Smog aims to revolutionize the meme coin arena. This will be achieved through an ambitious and rewarding airdrop initiative, involving the distribution of a significant 490 million tokens, to $SMOG holders. Investors can also accumulate airdrop points by participating in the Zealy campaign.

Join the #SMOG community on #Zealy and increase your points for the $SMOG #Airdrop. 🐲

Complete quests for extra points! 📊

Stay tuned for upcoming announcements. 📢🔗https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto

— SMOG (@SMOGToken) February 21, 2024

The campaign helps users to increase their airdrop points further. To do this, you have to complete tasks such as following Smog on X and engaging with its social media posts.

The project has garnered significant social engagement through its Zealy campaign and in anticipation of  the upcoming airdrop.

It offers more than just airdrops though with its utility extending to ‘The Dragon’s Court.’ This is an exclusive community of cryptocurrency experts accessible to token holders. It uses an innovative concept with a hallmark that is a mysterious hidden community set to unleash viral growth. This elevates the gamification of the airdrop campaign.

Ok guys if you just hold $SMOG, just hold, not staking, not doin anything, you are eligible for the airdrop.

I think this airdrop gonna be hudge (35% of 1,4B Tokens for actually only 7000 members)
Come inside before it's too late !#CryptoAirdrop #Airdrops #SMOG #Tokens #Hold pic.twitter.com/oYunzpjOII

— Beni (@BeniWallet) February 23, 2024

$SMOG leverages the swift transactions and cost-efficiency of the Solana blockchain. With more than 25k holders and a vibrant cross-platform community, Smog has secured a market cap of above $45 million, firmly establishing itself on the Solana blockchain and now ranking among the top 20 of all meme coins by market cap.

#Dragons – let’s see if you remember this one! 🐉

What recent Holders milestone did we achieve in the last few days? 🎉

— SMOG (@SMOGToken) February 20, 2024

There’s also speculation about an imminent centralized exchange (CEX) listing.

Visit and buy Smog here.

Also Read:

• How To Buy Smog Token – A Complete Guide
• Smog Price Prediction – $SMOG Coin Future Potential
• Smog Price Prediction – Can a Possible CEX Listing Fuel 10x Growth for $SMOG?
• Siacoin Price Prediction 2024 – Is $SC Worth Buying, or Is $SMOG the Best Alternative?
• Next Meme Coin to Explode In 2024 – Is $SMOG The Best Crypto To Buy Now?

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