Gorilla prices have increased 100% in the past month and 6% in the past 24 hours, currently trading at $0.004861 at 1:20 AM EST.
Despite an 84% drop in trading volume, it still maintained its spot on CoinMarketCap’s trending list today.
Coinmarketcap's popular currencies today✅
$COTI: $376M
#GORILLA: $876K
$JASMY: $493M
$ALICE: $18M
$UNI: $551M
$STRK: $279M
$BTC: $15B
$WLD: $744M
$RNDR: $210M
$SC: $686M
$ALPH
$TRUMP
$CRV
$DYDX
$SATS
$MASK
$VRTX
$CAKE
$RAY
$HEART
$FET
$CELO
$TYBG
$EOS
$GALA
$AIOZ
$SC
$MATIC
$ALPHA
$SSV
$WOO
pic.twitter.com/GmVG5eafva
— Coins Scan (@CoinsScan)
February 26, 2024
Meanwhile, the coin remains on support as the 50-day simple moving average at $0.004367 holds. From a technical perspective, there is a chance that Gorilla price will decline as the relative strength index (RSI) is sloping southwards, indicating a decline in momentum.
If the RSI trajectory continues, it could soon fall below the 50 threshold. Such a move, coupled with the Moving Average Convergence/Divergence (MACD) line being below and in negative territory, would open up another bearish cycle. Note that the Awesome Oscillator (AO) indicator is also in negative territory, strengthening the basis for the bear market.
Bears have already emerged as a red Japanese candlestick has appeared. If the bears get their way, the Gorilla price is likely to decline, first losing the support of the 50-day simple moving average and then falling further to the channel middle line. In an extreme case, the GORILLA market value could reach $0.005592. Such a move would make it 55% lower than the current level.
As long as the price remains inside the channel, GORILLA holders will continue to suffer losses.
TradingView: GORILLA/USDT 1-Day Chart
The opposite scenario is that if the bulls increase the buying pressure, the Gorilla price might rise, first breaking out of the 23.6% Fibonacci retracement level of $0.005592. A breakout of the above level could pave the way for GORILLA to break out of the upper border of the channel and then face the 38.2% Fibonacci level of $0.007754. In an extremely bullish scenario, gains could allow the cryptocurrency to test the 50% Fibonacci level, above which the bearish view would be invalidated.
Meanwhile, despite the weak performance of the memecoin sector, newcomer Smog still recorded significant gains just hours after its launch, rising 1,400%.
Smog has been gaining a lot of attention in the memecoin community since its fair launch on Jupiter DEX on February 7. The airdrop-oriented memecoin continues to see significant growth, with traders even listing it as one of their best memecoin investments. The coin also appeared in crypto analyst Jacob Bury’s ranking of the top seven alternative cryptocurrencies with the potential for 10x gains after the Bitcoin halving in April.
Billed as the "greatest airdrop of all time", Smog aims to revolutionize the memecoin space. This will be achieved through an ambitious and rewarding airdrop program that involves distributing 490 million tokens to $SMOG holders. Investors can also accumulate airdrop points by participating in Zealy events.
Join the #SMOG community and increase your $SMOG #Airdrop points.
Complete missions to earn extra points!
Stay tuned for an upcoming announcement.
https://t.co/3EQxvQwsw3
#CryptoCommunity
#Altcoins
#Memecoins
#Binance
#Crypto
— SMOG (@SMOGToken)
February 21, 2024
The campaign also helps users further increase their airdrop points. In order to do this, you have to complete tasks, such as following and interacting with one of Smog’s social media posts.
The project has generated significant social engagement through its Zealy campaign and in anticipation of its upcoming airdrop.
In addition to airdrops, it also offers other features including the “Dragon’s Court”. This is a community of cryptocurrency experts open exclusively to token holders. It uses an innovative concept that features a mysterious hidden community designed to unleash viral growth. This enhances the gamification of the airdrop event.
Well, if you just hold $SMOG, just hold it, don’t stake it, don’t do anything, you are eligible to participate in the airdrop.
I think this airdrop will be huge (only 7000 members right now, 35% of 140 million tokens)
Join in before it's too late!
#CryptoAirdrop
#Airdrops
#SMOG
#Tokens
#Hold
pic.twitter.com/oYunzpjOII
— Beni (@PchtCorentin)
February 23, 2024
$SMOG takes advantage of the fast transactions and low costs of the Solana blockchain. With over 25,000 holders and a vibrant cross-platform community, Smog has established a market cap of over $45 million and is firmly in the top 20 of all memecoins on the Solana blockchain.
#Dragons (Dragons) - Let's see if you remember this one!
Which holder milestone have we achieved in recent days?
— SMOG (@SMOGToken)
February 20, 2024
There is also speculation regarding an upcoming centralized exchange (CEX) listing.
Visit and purchase Smog.
Also read:
How to Buy Smog Tokens – Complete Guide
Smog Price Prediction - Future Potential of $SMOG Coin
Smog Price Prediction- Could Possible CEX Listing Drive 10x Growth for $SMOG?
Siacoin Price Prediction 2024 - Buy $SC or Choose $SMOG as the Best Alternative?
The Next Explosive Memecoin of 2024 - Is $SMOG the Best Cryptocurrency Right Now?
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