Gorilla’s price has increased by 18% in the past 24 hours and is currently trading at $0.006800 at 01:05 AM EST.
Gorilla has been gaining attention among memecoins recently and became a hot topic on Thursday.
Hot Trends for May 30, 2024!
1. $ANDY #Andy:+1.10%
2. $GSTOP #GameStop: +89.05%
3. $JASMY #JasmyCoin: +25.70%
4. $MAGAPEPE #MagaPepe: +25.32%
5. $GORILLA #Gorilla:+33.00%
6. $LUNC #TerraClassic:+5.65%
7. $SUI #Sui: +0.77%
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9. $NOT #Notcoin:…
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– LiquidityFlow (@FlowDeFi)
May 30, 2024
The rally was the result of the execution of a falling wedge pattern, a bullish technical reversal pattern. The pattern forecasts a 51% profit target from the breakout point, which is determined by the maximum distance between the upper and lower trendlines plus the breakout point.
Gorilla Price Prediction
After reaching the target of the falling wedge, the gorilla price may need to adjust. This depends on whether the relative strength index (RSI) confirms Welles Wilder's interpretation of overbought assets, that is, whether the RSI falls below the threshold of 70.
However, if it sustains above this level, the Gorilla price could rise further towards the Fibonacci golden zone. In a very bullish scenario, the recent uptrend would be consolidated if the price breaks above the 38.2% Fibonacci Retracement level of $0.012396.
It is worth mentioning that the RSI is above the 50 average, which is a bullish sign in itself, indicating that there are a large number of GORILLA bulls in the market. The highs and lows of this momentum indicator further increase the possibility of an upside.
The Moving Average Convergence Divergence (MACD) indicator is also moving above the signal line (orange area).
GORILLA/USDT 1-Day Chart
On the other hand, spot traders may be inclined to start cashing out their profitable 51% given that the profit target of the falling wedge has been achieved. This explains the current downside deviation.
If the selling pressure increases, the Gorilla price could decline further, potentially falling into the wedge range. In extreme cases, it could retest the bottom of the market range at $0.003331.
In addition, experts are impressed by the new pre-sale of SEAL, a meme coin on the Solana network, which has raised $3 million. Crypto Gains, which has 132,000 subscribers, recommends investors on YouTube to "get in from the beginning."
As a promising alternative to gorillas
SEAL is the power token of the Sealana (SEAL) project, a fat seal that dived deep into the ocean of Solana. It got so caught up in the crazy market that it left behind the good figure of its youth and turned to a trader's diet of potato chips and canned tuna.
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pic.twitter.com/ozmKVFEggR
– Sealana (@Sealana_Token)
May 24, 2024
Sealana’s goal is to find the next important Solana meme coin.
SEAL is, in part, a bet on the continuation of the recent meme coin craze and investor demand on the Solana blockchain. It’s primarily the brand and cultural narrative that’s driving the project’s success.
As a novelty in the memecoin space, Sealana taps into this culturally driven market segment. Its integration with the Solana blockchain is a key advantage, leveraging Solana’s superior performance, low fees, and rapidly expanding ecosystem.
At the same time, Sealana also benefits from Solana’s scalability and strong developer community, further improving its prospects compared to memecoins on crowded layer 1 networks like Ethereum.
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pic.twitter.com/LlcXgMVzrq
– Sealana (@Sealana_Token)
May 29, 2024
The project’s success is best seen in its surging presale, which quickly passed the $3 million threshold. Crypto analyst and YouTuber Clay Bro said Sealana has the potential to achieve a 10x gain after launch.
Since SEAL has no timer, phases, or hard cap, its presale can end at any time. Investors interested in joining the Sealana community should hurry up and buy SEAL before it is too late.
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Also read:
How to Buy Sealana-SEAL Pre-Sale Review
Sealana Price Prediction – SEAL Price Potential in 2024
5 Must-See Memecoins with 10x Potential - Best Crypto Buying Options Right Now!
Best meme coins to invest in: Top picks for high growth!
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