Is it too late to buy a gorilla? GORILLA price soars 38% in one week as investors send over $2.5 million to this new SOL Meme coin ICO.

adminMay 24, 2024

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Gorilla prices have risen 38% over the past seven days, trading at $0.004900 as of 3:57 a.m. ET.

This comes as the Ethereum blockchain continues to gain attention following the landmark approval of a spot Ethereum exchange-traded fund (ETF) on May 23.

🔥SEC approved #Ethereum Spot ETF
🚀Ethereum is the unique blockchain technology ever created. pic.twitter.com/tNzbL9nHs2
— Cryptocosy | EliteCryptoTool (@elitecryptotool) May 24, 2024

If you look at the daily chart of the GORILLA/USDT trading pair below, you can see that Gorilla price rose 20% on Thursday. After hitting a high of $0.005850, traders are cashing in on gains made on May 23.

The SOL-based ape has been on a strong run recently as GORILLA bulls attempted a bullish breakout above the range after trading between $0.003331 and $0.006470 since the last week of March.

Gorilla Price Prediction

GORILLA price is down 4% in the last 24 hours on a 7% drop in volume, but is trading with a bullish bias, sticking to its weekly gains after a series of lows since mid-May.

With the Relative Strength Index (RSI) well above its average level of 50, upside potential continues to be high. Higher lows in this momentum indicator strengthen the upside potential, suggesting that bullish momentum still abounds.

In particular, Moving Average Convergence Divergence (MACD) is also in positive territory. It is also moving over the orange band of the signal line. This suggests that the current trend remains bullish and buyers still control the market.

GORILLA If the bulls increase buying pressure, Gorilla price could extend its advance above the 78.6% Fibonacci retracement level of $0.006470. In very optimistic cases, profits can be assumed to push the altcoin into the Fibonacci golden zone. This critical area extends from the 61.8% to the 38.2% Fibonacci retracement level.

Gorilla

TradingView: GORILLA/USDT 1 day chart

On the other hand, if the descending trend line is rejected, Gorilla price may fall below the lower descending trend line. If bearish momentum pushes GORILLA market cap below the $0.003331 support level, the bullish theory becomes invalid. This is because it would have hit a lower low compared to the low on April 13th.

Elsewhere, investors sent more than $2.5 million to SEAL, a new SOL meme coin ICO that YouTuber Crypto Boy says could multiply 100x at launch.

A promising alternative to gorillas

SEAL is a powerful token for the Sealana project, a patriotic, obese American country seal who escapes his mother’s basement by trading.

As the Solana meme coin becomes an optional investment in the speculative market, Sealana is thriving. We continue to attract more investors, best evidenced by our pre-sale sales exceeding $2.5 million.

seal

Sealana is a new addition to the culturally focused niche meme coin space. It’s built around a quirky and friendly digital mascot.

The digital character is inspired by typical basement-dweller behavior, who sacrifices his physical health to pursue trading activities and make profits in the increasingly volatile cryptocurrency market.

#Sealand And his closest brothers are storming the Capitol to defend everyone #Cryptocurrency Patriot, Sealana and his $SEAL The military is fighting for our rights to Lambos 🏎️, Gains 💸 and FREEDOM!! 💪🦭
Join Sealana! join #Ticketing💵 And restore it to its former glory #memecoin!nic pic.twitter.com/Sv1fGVm8ry
— Sealana (@Sealana_Token) May 20, 2024

The project’s integration with the Solana blockchain is a key benefit that leverages Solana’s powerful performance, low fees, and rapidly expanding ecosystem. SEAL, the Solana Program Library (SPL) token, benefits from Solana’s scalability and active developer community.

It goes one step further to improve its prospects compared to meme coins on more congested layer 1 networks like Ethereum.

👋Hello everyone! 🇺🇸
I heard that some people are having trouble purchasing. $SEAL ❌ So for the convenience of you lizard-skinned liberals, we $SEAL #multichain I’ll let you buy it later #Ethereum! So grab a cold drink, sit back, and let us show you how to fill up your truck… pic.twitter.com/3dsuUScSbw
— Sealana (@Sealana_Token) May 9, 2024

SEAL is a “Send SOL” type pre-sale with no timers or stages, so it can end at any time. So, if the project appeals to you, buy it now to avoid potential disappointment.

Visit Sealana here to purchase for $0.022 per token.