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The Gorilla price has slumped 20% in the past 24 hours to trade for $0.004136 as of 00:05 a.m. EST on trading volume that plunged 77%.
It comes as the cryptocurrency market remains bearish, with altcoins taking their cues from the Bitcoin price, which is down almost 5% in the last 7 days. BTC is currently exchanging hands for $66,455.
Study #bitcoin Dominance
many people targeting for new lower prices on #Altcoins but when last time bitcoin crashed it showed us a new game .
Bitcoin dominance went down with bitcoin and #altcoins did not visit the last lows .
not all altcoins but the strong ones won’t give… pic.twitter.com/kJphLEqqPY
— LA𝕏MAN (@Theblockvlog) June 17, 2024
GORILLA Price Prediction
The Gorilla price is attempting a recovery rally despite the big-picture bearish outlook. With the current outlook, however, the odds lean in favor of the downside, and GORILLA holders may see further losses for now.
Buyer momentum has progressively declined since May 30, seen with the lower highs on the Relative Strength Index (RSI). Likewise, the Moving Average Convergence Divergence (MACD) remains within negative territory, all the while holding below the orange band of the signal line.
With this, the Gorilla price could drop to retest the support at $0.003297. This would provide another buying opportunity for the bulls who missed the previous jump.
GeckoTerminal: GORILLA/USD 1-day chart
Conversely, if buyer momentum increases, the Gorilla price could overcome resistance due to the descending trendline. A stable candlestick close above the $0.007254 resistance level would confirm the breakout.
In a highly bullish case, the gains could see the Gorilla price reclaim the $0.01000 psychological level, last tested on March 18.
Meanwhile, new ICO PlayDoge (PLAY) is turning heads as the play-to-earn meme coin races towards $5 million in funds raised.
YouTuber Jacob Bury says it has the potential to 10X after launch.
Promising Alternative To Gorilla
PLAY is the native cryptocurrency for PlayDoge (PLAY), a mobile-based play-to-earn (P2E) game that transforms the DOGE meme into a Tamagotchi-style virtual pet. This allows users to seamlessly earn $PLAY tokens.
This virtual dog acts as a P2E companion where players timely feed, train, and play with their 2D Doge. In return, they earn $PLAY tokens.
$PLAY runs on the BNB Smart Chain, which means that the token is on the radar of the Binance listing team. With Binance being the largest centralized exchange in crypto, such a listing would increase its accessibility and liquidity.
Get in on the action early with our #Presale launch! 🚀#PlayDoge brings together gamers and #Crypto enthusiasts for a trip down memory lane. 💭
Grab your tokens now! $PLAY
#P2E #MemeCoin #BNB pic.twitter.com/BBUtS3eFqV
— PlayDoge (@PlayDogeGame) June 4, 2024
Token holders can also earn passively through the project’s staking option, which offers an annual percentage yield (APY) of 165%.
You can buy $PLAY tokens for $0.00509 each, but hurry before a price hike in a little more than a day. Fast-moving investors have already pumped more than $4.6 million into the project.
Buy PLAY tokens on the official website here.
Also Read:
PlayDoge (PLAY) – Newest Launch On BNB Chain
- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited – playdoge.io
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