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Gorilla Price Prediction: GORILLA Plummets 24% As Analysts Say This New GameFi ICO Might 10X

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Gorilla Price
Gorilla Price

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The Gorilla price has plunged 24% in the last 24 hours to trade at $0.004312 as of 6:40 p.m. EST.

Despite the fall, Gorilla is still up 35% in a week as the token prepares for the launch of the Gorilla Pad.

The Gorilla Pad is poised to be the next Pinksale, aiming to attract many innovators, increase buyer sentiment, and help new crypto projects take off by raising funds and giving investors the first chance to get tokens.

It works like a special decentralized exchange (DEX) platform, where new crypto projects are introduced for raising funds.

Gorilla Price Consolidates On $0.004540 Support Zone, Signals A Bull Rally

Gorilla Price Analysis. Source: Dextools.io
Gorilla Chart Analysis. Source: Dextools.io

The Gorilla price has been consolidating for the past few days on the $0.0004540 and $0.004311 support zones. These zones allow the bulls to gather enough force to increase the price.

However, the bears have gained control of the price, causing a price decline to the $0.004540 support zone. Prior, the bulls had found anchor support at $0.002137, allowing them to drive the price up, reaching the January 2 high of $0.0082.

If the bulls rebound, they will confirm the general bullish momentum as they drive the price high.

The price trades above the 21 and 50 simple moving averages (SMAs), with a moving average cross at $0.002799, confirming the bullish sentiment for the Gorilla price.

The MACD is generally bullish, trading above 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 Target $0.01052 High

The Gorilla price is bullishly biased, receiving support from the SMAs and MACD technical indicators. If the bullish momentum sustains, the bulls could be looking to reclaim the $0.0082 high. A further push above this level could see the price touch the $0.01052 level.

However, the bulls must watch out for the bear’s aggressiveness, taking advantage of the MACD to apply downward pressure, which might cause the price to slip below the $0.004540 support zone, confirming a bearish trend.

Meanwhile, you could be among the early investors to buy the Meme Kombat token, which is close to selling out.

Meme Kombat (MK) Nears $8 Million Presale Goal With Hard Cap Set At $10 Million

The Meme Kombat (MK) presale has already secured over $7.9 million as at it surges towards its $8 million goal. The token sells for $0.279 and will remain at that level until the presale reaches the hard cap set at $10 million

Why You Should Buy MK And Join Presale

The Meme Kombat platform offers AI-generated battles by bringing together GameFi and meme characters. This enables players to wager on preferred meme characters, giving a chance to win rewards when a chosen characters is victorious. 

Buy MK Tokens, Stake, Win Big In Season 1 Kombat

You can stake your acquired MK tokens, which guarantees a 118% annual percentage yield (APY), with over 33 million tokens staked. 

Besides, you could earn considerable returns playing in season 1 of Kombat, where 11 memes compete to claim the title of the best. 

The Meme Kombat team will launch the Meme Kombat NFTs with a visually appealing design. These NFTs guarantee significant utility in MK Season 2 of Kombat, offering a distinctive fusion of art and functionality.

YouTuber and crypto analyst Jacob Bury predicts a potential 10X increase upon launch. 

To buy MK tokens, visit the official Meme Kombat website, connect your Web 3 wallet, and exchange your ETH, USDT, or BNB for MK tokens there.

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