{"id":480489,"date":"2024-02-14T11:25:43","date_gmt":"2024-02-14T11:25:43","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=480489"},"modified":"2024-02-14T11:25:43","modified_gmt":"2024-02-14T11:25:43","slug":"gorilla-price-prediction-gorilla-soars-67-in-two-weeks-but-experts-say-consider-sponge-v2-for-100x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/gorilla-price-prediction-gorilla-soars-67-in-two-weeks-but-experts-say-consider-sponge-v2-for-100x-gains","title":{"rendered":"Gorilla Price Prediction: GORILLA Soars 67% In Two Weeks, But Experts Say Consider Sponge V2 For 100X Gains"},"content":{"rendered":"

The Gorilla price dropped 6% in the last 24 hours <\/span>to trade at $0.00518<\/span><\/a> as of 00:015 a.m. EST on trading volume that rose 214% to $3.3 million.<\/span><\/p>\n

Despite this recent drop, Gorilla’s price has still surged by 67% over the past 14 days. This recent momentum is driven by the community’s anticipation of the IDO Launchpad’s launch and enhancements in cross-chain trading.<\/span><\/p>\n

https:\/\/twitter.com\/onlytimeAI\/status\/1757625063753339271<\/p>\n

Will the team live up to the expectations of the new features? <\/span><\/p>\n

Gorilla Price Trades Below The Lower Boundary Of The Ascending Triangle<\/span><\/h2>\n
\"Gorilla
GORILLAUSD Chart Analysis Source: Tradingview.com<\/figcaption><\/figure>\n

Since the beginning of February, the price of Gorilla has seen a significant rise, facing resistance around the $0.00824 mark. Throughout this period, there has been considerable stability, with buyers repeatedly challenging this resistance level. <\/span><\/p>\n

This has led to the formation of an ascending triangle pattern in the price movement. However, the price has retraced to breach the lower boundary of the triangle.<\/span><\/p>\n

GORILLA is currently trading below the 50-day Simple Moving Average (SMA), aligning with the immediate resistance level of $0.0062. Yet, it is trading above the 200-day SMA, indicating potential for a price reversal. <\/span><\/p>\n

The crossing of moving averages at $0.003 further supports the possibility of a price rebound. Meanwhile, the Relative Strength Index (RSI) is declining towards the 30-oversold territory, standing at 36, which matches the ongoing price trend and signals significant selling pressure.<\/span><\/p>\n

\"Gorilla<\/p>\n

The Moving Average Convergence Divergence (MACD) indicator shows the MACD line (in blue) trading just below the signal line (in orange), suggesting a minor pullback with the potential for an upcoming price reversal and subsequent rebound. This is further corroborated by the movement of the red bars on the histogram, which appear to be trending upwards.<\/span><\/p>\n

Gorilla Price Prediction<\/span><\/h2>\n

The short-term analysis of the GORILLA price shows that it is most likely to rebound to trade within the ascending triangle. The bulls are aiming at a reversal, looking at a breach that will see them surpass the lower boundary of the ascending triangle to test the $0.0082 mark again as they aim for $0.01.<\/span><\/p>\n

However, the bears may continue exerting pressure on the price, with $0.0044 acting as a cushion against downward pressure.<\/span><\/p>\n

Meanwhile, as Gorilla bulls are looking for the best entry levels, Sponge V2 is attracting heightened interest. Experts are encouraging investors to recognize its potential as a promising cryptocurrency that could mirror the success of Sponge V1, which skyrocketed 100x after launch.<\/span><\/p>\n

Buy Sponge V2 Before Exchange Listings<\/span><\/h2>\n

Sponge V1 gave investors 100x returns on their investments. If you missed that surge, there is still an opportunity to earn big with <\/span>Sponge V2<\/span><\/a>, which is set to launch soon on major exchanges.<\/span><\/p>\n

\n

If you missed out on $SPONGE<\/a> V1, don't miss out on #SpongeV2<\/a>!<\/p>\n

Time to stake your $SPONGE<\/a>! 🚀🧽#MemeCoin<\/a> #Web3<\/a> #Altcoins<\/a> #BullMarket<\/a> #Bullish<\/a> #Trade<\/a> pic.twitter.com\/oNwatR7ihw<\/a><\/p>\n

— $SPONGE (@spongeoneth) February 10, 2024<\/a><\/p><\/blockquote>\n