Gorilla Price Prediction: GORILLA Surges 42% But Traders Turn to This Runaway 2.0 DOGE ICO Offering the Last Chance to Buy | Trending Viral hub


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The price of the gorilla arose more than 42% in the last 24 hours to trade at $0.006979 at 2:25 am EST, as investors bet big on the altcoin.

This latest jump in GORILLA’s price has pushed its annual gain above 2,861%. It also brought the crypto’s weekly and monthly returns back into the green.

The Gorilla Price tries to break another price barrierMEXC:GORILLAUSDT Chart image by StevenWalgenbach

4-hour chart for GORILLA/USDT (Source: TradingView)

He Gorilla The price is trying to break above the $0.007014 resistance level after having managed to break through the $0.005606 barrier in the last 24 hours. If the altcoin closes a 4-hour candle above $0.007014 in the next 12 hours, it may have a solid foundation to continue rising in the coming days.

Traders can then enter long positions for the cryptocurrency, which could push GORILLA towards the main resistance of $0.009196 in the next 24 hours. Sufficient buying pressure could even lead to the altcoin surpassing this threshold and attempting a challenge at the $0.012055 mark in the near term.

Before traders and investors take long positions, they will want to take note of the rising wedge that has formed on the GORILLA 4-hour chart. This is a bearish pattern that is often seen as a warning of an impending correction.

If the crypto does not close a 4-hour candle above $0.007014 in the next 12 hours, this pattern may be validated. As a result, sellers could lower Gorilla price to the aforementioned $0.005606 mark. Continued selling pressure at this point could lead the altcoin to fall as low as $0.004565.

Sellers could soon gain control of the gorilla price

Technical indicators in Gorilla The 4-hour chart remains bullish. However, a sign of declining purchasing power has appeared. Both the Moving Average Convergence Divergence (MACD) indicator and the Relative Strength Index (RSI) point to a continued rise of GORILLA in the next 24 to 48 hours.

The MACD line is separating above the MACD signal line. This is not only seen as a sign that a cryptocurrency has entered a positive cycle, but also suggests that its bullish momentum is strengthening.

Meanwhile, the RSI is positioned above its simple moving average (SMA) on the 4-hour chart, indicating that buyers are stronger than sellers. However, the RSI formed a peak in overbought territory in the last 8 hours and has since declined.

This could be an early sign of an upcoming bearish trend reversal. As a result, traders can short GORILLA, given that its downside potential is currently greater than its upside potential.

While the Gorilla price is at risk of correcting soon, investors are flocking to the Dogecoin20 Pre-sale for potential 100x earnings in 2024.

Investors Rush to Buy This Meme Coin Ahead of Its Launch This Month

Cryptocurrency traders and investors continue to flock to the Dogecoin20 pre-sale. The meme coin, the first major update to the DOGE brand and technology since the launch of Dogecoin in 2013, has raised over $10 million through its ICO. This led to pre-sales selling out sooner than expected.

Due to this extreme popularity, the project team has decided to give investors one last chance to purchase the meme coin before the launch of Dogecoin20 on April 20. With 17 days left, Dogecoin20 (DOGE20) shows promise of generating substantial returns for investors upon launch. .

Launched as an ERC-20 token, DOGE20 not only serves as a greener solution to the original Dogecoin, but also allows token holders to earn rewards through staking. Anyone who purchases and locks tokens at this early stage will be eligible to receive up to 64% annual rewards.

Greater growth potential than the original Dogecoin

Dogecoin has come a long way since its launch and currently holds the title of the largest meme coin by market cap. However, its price potential remains hampered due to its unlimited supply of tokens. Dogecoin20 is looking to capitalize on this pitfall, with the team capping the supply of the newest meme coin at 140 billion.

This fixed amount of tokens positions Dogecoin20 perfectly to outperform legacy DOGE in the medium to long term. If the momentum that Dogecoin20 has managed to build during its pre-sale continues after its launch, it may only be a matter of time before DOGE20 leaves the original meme coin in the dust.

Investors who want to participate in DOGE20 can do so on the project’s official website. Dogecoin20, which sells for $0.00022, can be purchased using ETH, BNB, USDT, or bank card.

DOGE20 can be purchased here.

Related Posts:

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