- The Gorilla crypto has shown 14 green days in the last 30 days.
- The crypto is down by 68% from its all-time high price.
Source: CoinMarketCap
GORILLA token integrates meme appeal with utility, offering an IDO Launchpad, DEX swap, and NFT collection. Its commitment to investor growth reinvests fees into the ecosystem.
Gorilla Pad streamlines token launches with no upfront fees, while Gorilla Swap facilitates cross-chain trading. NFTs offer exclusivity, staking rewards, and community engagement.
The market cap of the crypto has increased by 2.14% in the last 24 hours resulting in a market cap worth of $6.198 Million while the fully diluted market cap of the crypto is $6.745 Million.
The trading volume for the crypto witnessed a decline of 22.3% in the last 24 hours, resulting in a traded value of $568.2K. This further results in a volume/market cap ratio of 9.39% which indicates that crypto has medium liquidity.
The circulating supply of the crypto is 827.478 Million GORILLA and the total supply of the crypto is 898.93 Million GORILLA.
The sentiment of the Gorilla crypto is also bullish while the volatility of the crypto is extremely high resulting in 44.37%. The sentiment of the crypto is further bearish as per Coincodex. Despite this, the fear and greed index denotes greed among investors.
The all-time high price of the Gorilla crypto is $0.02414, achieved on November 30, 2023, and the price of the crypto since then has declined by 69%. Also, the all-time low price of the crypto is $0.0002015 and the current price of the crypto is trading 3600% above its all-time low.
GORILLA Crypto Technical Analysis
Source: GORILLA/USD Chart By TradingView
By taking support at a dynamic trendline, the price of the crypto advances to certain highs but again declines to the dynamic trendline zone. This behavior of the price denotes how volatile the crypto has been over time.
The price of the crypto is again declining towards the lower levels followed by the formation of bearish price action on the chart. For further advances in the trading price of the crypto, the price of the crypto must sustain the dynamic trendline.
GORILLA/USDT Chart by TradingView.com
Although the 20 and the 50-Day EMAs on the daily chart of the crypto are trading in a golden cross, the price of the crypto has declined below both the EMAs. The following behavior of the price aligned to the EMAs indicates weakness in the price of the crypto.
The MACD and the signal line are also reversing toward the median level of the MACD indicator followed by a bearish cross. This is further followed by bearish histograms formed on the MACD indicator.
The RSI has also declined below the 50-level and is currently trading at a level of 45.7. It further has declined below the 14-Day SMA indicating further weakness in the price of the crypto.
Summary
GORILLA Token exhibits significant volatility, with 14 green days in the last 30 but down 68% from its all-time high. Despite a bullish sentiment, technical analysis reveals bearish indicators: price decline below EMAs, MACD bearish cross, and RSI below 50. Investors should exercise caution due to high volatility and bearish signals.
Technical Levels:
- Support Levels: $0.00200 and $0.004100
- Resistance Levels: $0.01600 and $0.020300
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.