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Gorilla price has increased by 13% in the past 24 hours and is currently trading at $0.01172, with trading volume surging 226% to $3.29 million.
This rally is consistent with the token’s trend on CoinMarketCap and the team’s plans to increase marketing efforts. Will these factors drive the price further up?
Good morning, gorillas! ☕️
We have an important plan today!
We are trending on CoinMarketCap!
Also, we'll be doing an AMA with marketing guru @DeeZzoW later today.
Stay tuned for new updates on our upcoming gorillas! …
pic.twitter.com/wseIwzYGlk
— gorillatokenio (@gorillatokenio)
March 15, 2024
The gorilla price ended a consolidation phase in the $0.007 range and the bulls seemed to be winning the battle against the bears, allowing the price to undergo an upward phase.
However, the bulls encountered some resistance near the $0.018 level which caused the price of GORILLA to pullback while fluctuating inside a bullish triangle.
Gorilla is currently trading above the 200-day Simple Moving Average (SMA), which suggests continued upward momentum. If the upward move continues, the Gorilla price will eventually break above the 50-day SMA barrier.
Moreover, the relative strength index (RSI) rebounded from below the 50 midline and trended towards the overbought zone, which suggests increasing buying pressure.
In addition, the moving average convergence divergence (MACD) also supports the bullish outlook, with the moving average (blue line) crossing above the signal line (orange line), indicating a bullish crossover. In such a situation, investors are usually encouraged to increase their purchases, and prices are expected to surge further.
The green bars on the histogram have also started to form above the zero line, which indicates the start of positive momentum and the price is showing signs of rebounding. In addition, the Stochastic Oscillator 14 3 3 line (blue line) is trading above the trigger line (orange line), which indicates a bullish moving average crossover, which is often used by investors as a signal to add to their positions.
Gorilla Price Prediction – Targeting $0.025
Gorilla price analysis shows signs of a bullish reversal, with the price expected to break above the upper boundary of the bullish triangle, with the target currently set at $0.025.
GORILLA bulls plan to use the price movement of the RSI and MACD to drive the price higher as these indicators are signaling an impending buying trend. In addition, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $0.00521, providing support for the bullish trend.
However, if the bears apply more pressure, $0.00725 (in line with the 200-day SMA) will act as a support area to combat the downside pressure.
With GORILLA’s bullish price reversal, DOGE and SHIB enthusiasts are turning their attention to Dogecoin 20, which analysts say could be the next big thing in the memecoin space. The emerging competitor has already amassed $250,000 in less than 24 hours.
Dogecoin20 presale raises $250,000 in 24 hours – The next SHIB?
SHIB and DOGE have achieved great success in the memecoin space and topped the market capitalization rankings, making many investors millionaires.
Now there’s a new competitor to contend with, Dogecoin20 (DOGE20). The dog-themed meme coin ICO gained steam after Elon Musk tweeted that Dogecoin (DOGE) could potentially be used to pay for Tesla cars.
#DOGE20
Not just another Shiba Inu inspired spin-off.
Adhering to Dogecoin’s philosophy of only doing good things every day, it provides passive income through on-chain staking.
Welcome a greener, more sustainable future with the world’s most loved memecoin!
pic.twitter.com/zqlONodRPB
— Dogecoin20 (@DOGE_COIN20)
March 14, 2024
Dogecoin20 utilizes Ethereum’s Proof of Stake (PoS) mechanism, enabling this project to provide faster, more accessible and environmentally friendly transactions.
#Dogecoin
It is a much-loved token, but its potential future value is limited because it has an unlimited supply and more tokens will be continuously released into the market.
#DOGE20
This problem is solved by fixing the supply, giving the token price unlimited upward pressure.
pic.twitter.com/MvnjTeVdhp
— Dogecoin20 (@DOGE_COIN20)
March 15, 2024
You can stake $DOGE20 token and earn an impressive 1,935% annualized yield (APY). So far, investors have staked more than 1.4 billion $DOGE20 tokens.
By leveraging smart contracts powered by Ethereum, #DOGE20 goes beyond being just a # meme coin.
Bringing passive income potential to the # crypto community!
Harness the power of your $DOGE20 token by staking and earning rewards.
pic.twitter.com/19BxjvI2JJ
— Dogecoin20 (@DOGE_COIN20)
March 14, 2024
Crypto YouTuber Jacob Bury said Dogecoin20 is one of the best meme coins right now because it capitalizes on the popularity of DOGE and SHIB.
To participate, you can buy $DOGE20 for $0.00014 per token, less than six days before the price increase.
You can buy $DOGE20 on the official Dogecoin20 website, where you can exchange $DOGE20 with ETH and USDT, or you can buy it directly with a bank card.
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