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The Gorilla price is up 38% in the past seven days to trade for $0.004900 as of 03:57 a.m. EST.
It comes as the Ethereum blockchain continues to turn heads after the landmark approval of spot Ethereum ETFs (exchange-traded funds) on May 23.
🔥SEC APPROVES #ETHEREUM SPOT ETF
🚀Ethereum is unique blockchain technology ever created pic.twitter.com/tNzbL9nHs2
— Cryptokosh | EliteCryptoTool (@elitecryptotool) May 24, 2024
A look at the one-day chart below for the GORILLA/USDT trading pair shows that the Gorilla price rallied 20% on Thursday. After topping out at $0.005850, traders are cashing out on the gains made on May 23.
The recent show of strength came as GORILLA bulls attempted a bullish breakout above the range, after the SOL-based ape traded between $0.003331 and $0.006470 since the last week of March.
Gorilla Price Prediction
The GORILLA price fell 4% in the past 24 hours on trading volume that dipped by 7%, but it’s trading with a bullish bias, clinging to the weekly gains after a series of higher lows since mid-May.
The odds continue to favor the upside with the Relative Strength Index (RSI) holding well above the mean level of 50. The higher lows on this momentum indicator also reinforce the uposide potential, suggesting bullish momentum still abounds.
Notably, the Moving Average Convergence Divergence (MACD) is also in positive territory. It is also moving above the orange band of the signal line. It suggests that the current trend is still bullish and that buyers still have control of the market.
If the GORILLA bulls increase their buying pressure, the Gorilla price could extend the climb past the 78.6% Fibonacci retracement level of $0.006470. In a highly bullish case, the gains could extrapolate for the altcoin to foray into the Fibonacci Golden Zone. This critical zone extends from the 61.8% to 38.2% Fibonacci retracement level.
TradingView: GORILLA/USDT 1-day chart
On the other hand, a rejection from the descending trendline could plunge the Gorilla price below the lower descending trendline. If bearish momentum plunges GORILLA market value below the $0.003331 support level, the bullish thesis would be invalidated. This is because it would have produced a lower low, relative to the April 13 bottom.
Elsewhere, investors have sent more than $2.5 million to SEAL, a new SOL meme coin ICO that YouTuber Crypto Boy says could 100X at launch.
Promising Alternative To Gorilla
SEAL is the powering token for the Sealana project, a patriotic and obese American redneck seal trading his way out of his mom’s basement.
With Solana meme coins passing as the choice investment in a speculative market, Sealana is thriving. It continues to attract more investors, best seen by presale sales hurtling past $2.5 million.
Sealana represents a novel addition to the meme coin space, which is a culture-driven niche. It is centered on a quirky and relatable digital mascot.
The digital character is inspired by quintessential basement-dweller behavior, having forgone physical fitness to pursue his trading endeavors and generate gains from the increasingly volatile crypto market.
#Sealana and his closest bros are stormin’ the Capitol to defend all #Crypto patriots, Sealana and his $SEAL troops are fightin’ for our right to Lambos 🏎️, Gains 💸, and FREEDOM!! 💪🦭
Stand with Sealana! Join the #Presale, 💵 and restore the former glory of #Memecoins!💥 pic.twitter.com/Sv1fGVm8ry— Sealana (@Sealana_Token) May 20, 2024
The project’s integration with Solana blockchain is a key advantage, leveraging Solana’s robust performance, low fees and rapidly expanding ecosystem. As an SPL (Solana Program Library) token, SEAL benefits from Solana’s scalability and thriving developer community.
It goes a step further to improve its prospects compared to meme coins on more congested Layer 1 networks like Ethereum.
👋Hey, y'all! 🇺🇸
We heard some of you are having some troubles buying $SEAL ❌ So, to make it easier for some of you lizard skin liberals, we’re making $SEAL #MultiChain allowing ya’ll to buy on #Ethereum! So grab a cold one, sit down and we’ll tell ya’ll how to fill your truck… pic.twitter.com/3dsuUScSbw
— Sealana (@Sealana_Token) May 9, 2024
SEAL is a ”Send SOL” type presale with no timer or stages, and that means it can end at any time. So, if you are attracted to the project, buy now to avoid potential disappointment.
Visit and buy Sealana here for $0.022 per token.
Also Read:
- How to Buy Sealana – SEAL Presale Review
- Sealana Price Prediction – SEAL Price Potential in 2024
- 5 Must-Watch Meme Coins for 10X Potential – Best Cryptocurrencies to Buy Now
- Best Meme Coins to Invest in: Top Picks for Exponential Gains!
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- Layer 2 Meme Coin Ecosystem
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- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
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