- The Gorilla crypto price has just slipped below the 20-day EMA.
- The trading volume has decreased by 35% in the last 24 hours.
Gorilla price has declined by 71% since the second week of March, and recently, it has slipped below the 20-day EMA. Gorilla crypto price has been struggling in a parallel channel and facing rejection from the $0.00600. In the first week of March, the price was pumped by 250% in just 4 days but failed to sustain and slipped back to the channel.
The bearish trend was interrupted near the $0.00350 level and bounced back to the 20-day EMA. It has triggered a breakout from the 20-day EMA but failed to sustain.
Current Price – $0.00506 Fear & Greed – 73 (Greed)
Market cap – $4.25 million Green days – 10/30 (33%)
Volume – $0.54 million Price Prediction – $0.00112 (-22.52%)
Sentiment – Bullish 20-day EMA – $0.00500
Volatility – 16.85% RSI – 48.44
Based on the technical analysis, the Gorilla crypto price will lose 22.52% to reach $0.00112 on April 27, 2024. The fear and greed index is 73 (greed), and the volatility is 16.85%. The Gorilla token price has reacted positively for 10 days in the last 30 days, showing sellers’ complete domination.
Regarding the technical indicators, the Bolinger band suggests that the price is taking support on the base Bollinger band and may extend to the upper Bollinger band. RSI is 48, generating a bullish between the RSI and RSI-based moving average and heading for the overbought zone. Overall, the technical indicator favors the buying momentum.
Will Gorilla Price Extend to the Last Swing High?
Gorilla crypto price is trading at $0.00506 with an intraday gain of 5.21%. The market capitalization is $4.25 million, and the trading volume is $0.54 million, which dropped by 33% in the last 24 hours. The circulating supply is 834,964,466 GORILLA, and the total is 898,930,378 GORILLA.
Gorilla crypto price has been consolidating in a parallel channel. Suppose the price surpasses the resistance level of $0.00700 and sustains; buyers may become active and look for the last swing high.
Alternatively, if the price starts trading below the parallel channel, it may record a new all-time low. It may be difficult for the buyers to bounce back when it trades below the channel.
Gorilla Price Forecast Based on Technical Analysis
According to the given data, the technical analysis suggests the bullish forecast with 15 technical indicators favors the buying signal while 4 favors the selling signal.
Performance
As per the given data, the Gorilla price has risen by 25.46% in a week but down by 15.40% in a month. The technical assessment suggests that the trend is neutral.
Conclusion
Based on the technical analysis, it seems like the Gorilla crypto price may face a bearish trend and lose 22.52% to reach $0.00112 on April 27, 2024. However, the technical indicators suggest a buying momentum, and buyers may become active if the price surpasses the resistance level of $0.00700 and is sustained.
Technical Levels
Resistance: $0.00700 & $0.01500
Support: $0.00340 & $0.00220
Disclaimer
This article is for informational purposes only and provides no 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.