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- 1 Today, Gorilla trades at $0.004477, indicating a possible move towards lower levels.
- 2 The asset is bearish, potentially seeing further declines if key support levels are breached.
The GORILLA token is a meme token that aims to revolutionize the crypto landscape by combining viral appeal with substantial utility. It creates an investment opportunity that goes beyond traditional meme tokens.
GORILLA stands out from other tokens thanks to its IDO Launchpad, which provides strategic advantages for early investors, and a DEX swap with advanced stop/loss functions to optimize trading experiences. GORILLA’s NFT collection is also looking to rival industry giants like the “Bored Ape Yacht Club.”
Gorilla Crypto Statistics
The record high price for Gorilla (GORILLA) was $0.02441, documented on Nov 30, 2023. At present, the current price is down by 81.66% in comparison to the all-time high price.
On Nov 16, 2023, the lowest recorded price for Gorilla (GORILLA) was $0.0002497. Currently, the price is 1,692.48% higher than the all-time low price.
Gorilla (GORILLA) has a market capitalization of $3,454,767 and is ranked #1985 on CoinGecko. The token price is multiplied by the circulating supply of GORILLA tokens to determine the market cap, with 770 million tokens currently tradable.
The fully diluted valuation (FDV) of Gorilla (GORILLA) is $4,024,590. This value represents the maximum market cap possible, assuming all 1 billion GORILLA tokens are circulating. However, the realization of FDV may take several years, depending on the emission schedule of GORILLA tokens.
Gorilla Price Analysis On Daily Chart
The Gorilla crypto price revealed massive fluctuations, an intense battle between bulls and bears on the daily chart. At first, the bulls dominated the asset’s price from the first week of December 2023, causing the price to advance higher from the demand zone at $0.003000 to $0.016500 by December 19th.
However, the price fell back to the same demand zone at $0.003000 by January 29th, which appeared like a heavy profit booking by the smart players in the market.
After that, the bulls tried again from the same demand zone at $0.003000 by January 30th, 2024, resulting in the price soaring to $0.018000 by March 9th, 2024, where the candle closed at the $0.013500 price mark. The price attempted to sustain near the supply level but failed after March 10th, following a lower-low and high pattern.
The Gorilla crypto faced a severe plunge after touching the resistance supply level and declined to lower levels.
Despite a significant decline, the Gorilla asset still appears bearish and has fallen below the considerable trend in the 20-day and 50-day EMA bands. If sellers continue to surge, the drastic decline could extend to even deeper levels, or the price may start consolidating in the short term.
The Gorilla asset is displaying bearish signs and may sink even lower. Negative price performance of -7.51% and -21.32% were recorded in previous weeks and months, respectively, indicating a steady downward trend.
Currently, the price is trading at $0.004477, with an intraday decline of -4.68%. Therefore, if the price breaks the immediate critical support level of $0.003500, it will likely reach even lower depths. However, if the price recovers, the above targets for the Gorilla price in the long trend would be $0.008000 and $0.010000.
Summary
With a market capitalization of $3,454,767, Gorilla is ranked #1985 on CoinGecko, with 770 million tradable tokens. The fully diluted valuation (FDV) is $4,024,590, assuming all 1 billion tokens are circulated.
Recent price movements have seen significant volatility, with bulls dominating in early December 2023 but facing challenges sustaining higher levels. The asset is bearish, potentially seeing further declines if crucial support levels are breached. Today, Gorilla trades at $0.004477, indicating a possible move toward lower levels.
Technical Levels
Support Levels: $0.003500
Resistance Levels: $0.008000
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
