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The Gorilla price has pumped 22% in the last 24 hours to trade at $0.00604 as of 7:25 a.m. EST on a 916% surge in trading volume to $4.8 million.
Its surge comes even as the meme coin market overall plunges with its overall market capitalization down 5% to $60.8 billion, according to CoinMarketCap.
Gorilla Price Signals A Bull Rally: Can The Bulls Sustain The Momentum
GorillaUSDT Analysis By Tradingview
Following its peak at $0.0811, Gorilla’s price experienced a decline, dropping to the support level of $0.004619, allowing the bears to dominate. However, the situation improved as the bulls found stability at this support level, regaining control. With momentum gaining strength, there’s optimism for a bullish rally to recover from the losses.
The price trades below 200 simple moving averages (SMA) on the 4-hour chart as bulls try to sustain the price above the 50 SMA. Increased momentum should see the price surpass the 200 SMA, initiating a bull rally.
The relative strength index (RSI) indicates a rebound on the 30 oversold level, surpassing the 50 midline level.
Moreover, the MACD is generally bullish, approaching the neutral position. However, there is a slight decline as the blue MACD line crosses the orange signal line downward. The histogram has entered the negative zone. However, due to the consolidation in the price, this might be in the short term as buyers anticipate a rebound in the Gorilla price.
Gorilla Price Prediction: Bulls Poised For A Bull Rally
The Gorilla price seems to be bouncing back, with technical indicators showing a bullish trend. If this momentum continues, the bulls could push the price to $0.01294, above the 200 SMA level.
But, the bulls need to be cautious because the bears might try to use the MACD to push the price down. If they succeed, the price could drop below the $0.004190 support zone, confirming a bearish trend.
Meanwhile, investors are flocking to SpongeV2, a meme coin that’s expected to add top-tier exchange listings soon. Crypto analysts and YouTuber Crypto Boy says SpongeV2 is ”undervalued” and adds, ”Of course, you can make a huge profit.”
Buy SpongeV2 Now For 100X Potential
SpongeV2 is the successor to SpongeV1, which returned 100X gains last year in a bear market.
The enthusiasm from investors and the community is palpable, and it’s not hard to see why. Sponge V2’s roadmap is packed with promising developments, including upcoming exchange listings, which are sure to keep its growth trajectory going strong
🌟 With bigger exchanges on the horizon and added #P2E utility, #SpongeV2 is set to be bigger and better than ever!
We’re not here to take part, we’re here to take over! 🧽💦
$SPONGE #Crypto #Web3 #Alts pic.twitter.com/BlGZhYKjoe
— $SPONGE (@spongeoneth) March 27, 2024
Investors can stake tokens for an annual return of 168% on Ethereum and an eye-popping 378% on the Polygon network. Over 9.58 million in tokens are already staked.
Sponge V2 is creating quite a buzz by introducing a fully decentralized Play-to-Earn (P2E) racer game that is available in both paid and free versions. In the paid version, you’ll use SPONGE as in-game credits and earn rewards in the meme coin.
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
Buying and staking $SPONGE today could position your crypto portfolio for some impressive returns, especially with new listings coming soon.
Visit the project’s website today to buy SpongeV2 using ETH, USDT, or MATIC. You can also use your bank card.
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