Join Our Telegram channel to stay up to date on breaking news coverage
The Gorilla price is up 18% in the past 24 hours to trade for $0.006800 as of 01:05 a.m. EST.
GORILLA has been in the limelight, trending among meme coins on Thursday.
🚀 Trending Now for May 30, 2024! 🌐
1. $ANDY #Andy: +1.10%
2. $GSTOP #GameStop: +89.05%
3. $JASMY #JasmyCoin: +25.70%
4. $MAGAPEPE #Maga Pepe: +25.32%
5. $GORILLA #Gorilla: +33.00%
6. $LUNC #Terra Classic: +5.65%
7. $SUI #Sui: +0.77%
8. $ONDO #Ondo: +4.14%
9. $NOT #Notcoin:… pic.twitter.com/u2D72EL8MS— LiquidityFlow (@FlowDeFi) May 30, 2024
The surge comes as part of the execution of the falling wedge pattern, which is a bullish reversal technical formation. This pattern had forecast a 51% profit target from the breakout point, determined by adding the maximum distance between the upper and lower trend lines to the breakout point.
Gorilla Price Prediction
After the achievement of the target objective of the falling wedge, the Gorilla price may be due for correction. This is contingent on the Relative Strength Index (RSI) confirming Welles Wilder’s interpretation of an overbought asset by crossing below the 70 threshold.
However, if it holds above this level, the Gorilla price could extend the climb into the Fibonacci Golden Zone. In a highly bullish case where the price shatters past the 38.2% Fibonacci retracement level of $0.012396, the uptrend would be solidified for the near term.
It is worth mentioning that the position of the RSI above the mean level of 50 is in itself a bullish sign, showing a strong presence of GORILLA bulls in the market. The higher lows of this momentum indicator tilt the odds further in favor of the upside, increasing the chances of a further upside.
The Moving Average Convergence Divergence (MACD) indicator is also moving above the signal line (orange band).
On the other hand, given the profit target of the falling wedge has already been achieved, spot traders may be inclined to start cashing in on the 51% gains. This explains the current deviation to the south side.
If selling pressure increases, the Gorilla price could extend the fall, potentially going as low as into the confines of the wedge. In a dire case, it could retest the bottom of the market range at $0.003331.
Elsewhere, experts are impressed by the new presale SEAL, a Solana meme coin that’s roared past $3 million in funds raised. Crypto Gains, with 132k subscribers on YouTube, recommends investors get into the token ”on the ground floor.”
Promising Alternative To Gorilla
SEAL is the powering token for the Sealana (SEAL) project, the chubby seal that has taken a deep dive into the Solana Sea. It is neck-deep into the degen market, so much so that he has abandoned the gorgeous figure of his youth for a trader’s diet of chips and tinned tuna.
Ready to $SEAL up like #Sealana? 🦭💥
Now, here's the way y'all do it!
Being Bullish on #Memecoins 💸#Hodling Strong 💪
Driving Lambos 🚗
Fast Food Diet 🍔🍟
Massive Gains 📈
Embracing the Second Amendment 🇺🇸
Sending $SOL 🚀🦭 pic.twitter.com/ozmKVFEggR— Sealana (@Sealana_Token) May 24, 2024
Sealana has one thing in mind: To find the next big Solana meme coin.
SEAL is in some ways a wager on the perpetuation of the recent meme coin mania on the Solana blockchain and the sustainability of investor demand. Primarily, branding and cultural narratives drive the success of the project.
Coming in as a novel addition to the meme coin space, Sealana leverages this culture-driven niche. Its integration with Solana blockchain is a key advantage, capitalizing on Solana’s robust performance, low fees and rapidly expanding ecosystem.
Sealana also benefits from Solana’s scalability and robust developer community. It goes a step further to improve its prospects compared to meme coins on more congested Layer 1 networks like Ethereum.
Bout to drop a bunker buster on these durka durkas #freedom! 💥🇺🇸
Show some support for #Sealana by sending $SOL, and fuel the war on terrorism! 🪖🦭#TeamAmerica #TopGun #Presale pic.twitter.com/LlcXgMVzrq
— Sealana (@Sealana_Token) May 29, 2024
The success of the project is best seen from its explosive presale, which rapidly blasted through the $3 million threshold. Crypto analyst and YouTuber Clay Bro says Sealana has the potential for a 10X rally after launch.
Because SEAL has no timer, stages, or hard cap, its presale can close at any time. Investors interested in joining the Sealana community should thus hurry and buy SEAL before it’s too late.
Buy Sealana on the official website here.
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!
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage
