- Gorilla has shown only 9 green days in the last 30 days.
- The crypto is not trading with any fiat currencies.
GORILLA Token combines viral appeal with utility, featuring an IDO Launchpad, DEX swap, and NFT collection. Its commitment to investor growth reinvests fees back into the token.
Gorilla Pad offers zero upfront fees, security, and instant token availability. The NFT collection promises exclusivity, staking rewards, and community engagement. The NFT collection promises exclusivity, staking rewards, and community engagement. Gorilla Swap facilitates seamless cross-chain trading with volatility management and stop-loss limits.
Gorilla has a fully diluted market cap of $3.724M and the market cap of the crypto is close to its current value of $3.472M. This further has witnessed a decline of 16.21% in the last 24 hours.
The market cap ranking of the crypto is #1385 as per CoinMarketCap. The trading volume for the crypto has also witnessed a decline of 9.73% over the last 24 hours which results in a traded value of $591K.
This further results in a volume/market cap ratio of 17.09% and the circulating supply of the crypto is 838.739M GORILLA. Also, the total supply of the crypto is 898.93M GORILLA while the maximum supply of the crypto is not defined.
The all-time high price ever achieved by the Gorilla crypto is $0.02414, the price of the crypto since then has declined by 82%. Also, the all-time low price recorded for the crypto is $0.0002015, and the price of the crypto since then has advanced by 1996%.
The market cap dominance of the crypto is 0.00% as per CoinCodex and the price of the crypto is extremely volatile resulting in a volatility of 23.49%. The sentiment of the crypto is also bearish following which the fear and greed index of the crypto is at 72.
GORILLA Crypto Technical Analysis
The price of the GORILLA crypto has declined below the dynamic trend line where the price of the crypto took support thrice. The dynamic trendline for the crypto was very crucial but the breakdown in the price represents a possibility of further decline in the trading price. This also represents the dominance of sellers in the market.
GORILLA/USDT Chart by TradingView
The GORILLA crypto price has recently formed a bearish crossover of the 20-day and the 50-day EMA. As a result, the price of the crypto further has declined below the EMAs and is moving towards the lower levels.
Additionally, the MACD and the signal line are trading below the zero level and further are trading in a bearish cross. Also, the histograms on the chart are indicating weakness as the histograms formed on the chart are bearish.
The RSI from the overbought zones has declined below the 14-day SMA and the 50-level. The RSI currently is trading at the level of 34.9 which indicates weakness in the trend of the crypto.
Summary
GORILLA Token is currently experiencing a bearish sentiment, with declining prices and technical indicators suggesting further downside. There has been a breakdown below crucial dynamic trendline suggests potential for continued decline.
Bearish crossovers in EMA, MACD, and weakening RSI highlight seller are dominating the market. Market cap decline and low trading volume amplify bearish outlook for GORILLA crypto.
Technical Levels:
- Support levels: $0.0020 and $0.00410
- Resistance levels: $0.01040 and $0.0170
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.