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The Gorilla price jumped 13% in the last 24 hours to trade at $0.01172 as of 03:32 a.m. EST on trading volume that surged 226% to $3.29 million.
This surge coincides with the token trending on CoinMarketCap amid plans by the team for intensified marketing efforts. Could these factors drive the price even higher?
🚨 GM, Gorillas! ☕️
We’ve got a big day planned today! 🍌
We are trending on @CoinMarketCap NOW!🔥
Also, we have an AMA later today with the man, the legend, the marketing guru: @DeeZzoW 🤯
Tune in for some new alpha about the next things planned for Gorilla! 👑 🦍… pic.twitter.com/wseIwzYGlk
— gorillatokenio (@gorillatokenio) March 15, 2024
Gorilla Price Set For A Rebound Over The Bullish Pennant
The Gorilla price is coming out of a consolidation phase within the $0.007 range, where the bulls seem to have won the struggle against the bears, allowing the price to go through a markup phase.
However, the bulls received some resistance around $0.018, which led to a price retrace as GORILLA fluctuated within the bullish pennant.
GORILLA is currently trading over the 200-day Simple Moving Average (SMA), which is an indication of sustained bullish momentum to the upside. If the bullish rally continues, the Gorilla price will eventually overcome the 50-day SMA hurdle.
Additionally, the Relative Strength Index (RSI) is rebounding from below the 50-midline level as it heads toward the overbought region, which indicates increasing buying pressure.
Moreover, the Moving Average Convergence Divergence (MACD) supports the bullish prospects, with the moving average line (blue) crossing above the signal line (orange), representing a bullish crossover. In such a scenario, investors are often encouraged to buy more, with the price set to soar even more.
The green bars on the histogram are also starting to form over the zero line, which indicates the start of positive momentum, as the price shows signs of a rebound. Additionally, the Stochastic Oscillator 14 3 3 line (blue) is trading above the trigger line (orange), which indicates a bullish moving average crossover, often used as a signal for investors to add to their buys.
Gorilla Price Prediction – $0.025 in Sight
The Gorilla price analysis shows signs of a bullish reversal, as the price is set to trade above the upper boundary of the bullish pennant, with the current target set at $0.025.
GORILLA bulls are aiming to leverage the price movement of the RSI and the MACD to soar the price, as the indicators signal a buying rally ahead. Additionally, the 50-day SMA is trading above the 200-day SMA, with a golden cross at $0.00521, offering support for a bullish rally.
However, if the bears exert more pressure, $0.00725, coinciding with the 200-day SMA, acts as the support zone, acting as a cushion against downward pressure.
As the GORILLA price looks sets for a bullish reversal, DOGE and SHIB lovers are turning their attention to Dogecoin20, which analysts say is primed to be the next big thing in the meme coin sector. This emerging contender has already amassed $250k in under 24 hours.
Dogecoin20 Presale Raises $250K In 24 Hours – The Next SHIB?
SHIB and DOGE amassed massive success in the meme coin sector as they climbed to the top of the market captitalization leaderboard, turning many investors into millionaires.
Now there is a new rival to contend with, Dogecoin20 (DOGE20). This dog-themed meme coin ICO became turbocharged after Elon Musk tweeted about Dogecoin (DOGE) possibly being used to pay for Tesla cars.
https://twitter.com/DOGE_COIN20/status/1768242237266104505
Dogecoin20 utilizes Ethereum’s Proof-of-Stake (PoS) mechanism, enabling the project to offer quicker, more accessible transactions that are environmentally friendly.
🐶 #Dogecoin is a beloved token but has been limited in its potential future worth because it has an infinite supply that will always emit more #Tokens into the market. 💎#DOGE20 fixes this with a fixed supply, allowing for unhindered upwards pressure on the token price. 🚀🔄 pic.twitter.com/MvnjTeVdhp
— Dogecoin20 (@DOGE_COIN20) March 15, 2024
Stake $DOGE20, 1,935% Annual Rewards
You can stake $DOGE20 tokens for an impressive 1,935% annual percentage yield (APY). So far, investors have staked over 1.4 billion $DOGE20 tokens.
By utilizing smart contracts powered by #Ethereum, #DOGE20 transcends being just a #Memecoin. 🐶💰
Bringing passive reward potential to the #Crypto Community! 🌟
Harnessing the power of your $DOGE20 #Tokens by #Staking and earning rewards. 💸 pic.twitter.com/19BxjvI2JJ
— Dogecoin20 (@DOGE_COIN20) March 14, 2024
Jacob Bury, a crypto YouTuber, says Dogecoin20 is one of the best meme coins to invest in right now as it leverages the hype around DOGE and SHIB.
To participate, you can buy $DOGE20 for just $0.00014 per token before the price increases in less than six days.
You can buy $DOGE20 on the official Dogecoin20 website, where you can exchange ETH and USDT for $DOGE20, or buy directly with your bank card.
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