Market Supports, GORILLA Crypto Rises: What's Next?

Bittime – GORILLA, a meme token that offers significant utility through an IDO Launchpad, a DEX swap with advanced features, and a competitive NFT collection, is now experiencing a notable resurgence in the crypto market. The token prioritizes investor growth by investing all costs into the $GORILLA ecosystem, offering benefits such as zero initial fees, rock-solid security, instant token availability, and comprehensive launch management.

GORILLA's Latest Moves

At the time of writing, GORILLA's trading volume had increased by 740% in the last 24 hours, reaching a trading value of $3.47 million. This surge in liquidity has had a significant impact on crypto prices, followed by a volume/market capitalization ratio of 99.36%.

The presence of large liquidity makes it easier for investors and traders to buy or sell GORILLA in various market conditions. Additionally, the market cap value of this crypto is $3.44 million, with a market cap ranking of #1380 according to CoinMarketCap.

Sumber: CoinMarketCap

Technical Analysis and Market Sentiment

Even though GORILLA's price is currently down 82% from its all-time high of $0.02414 reached seven months ago, market sentiment towards this cryptocurrency tends to be bearish. This crypto fear and greed index is neutral, with minimal presence in the global crypto market. The price volatility of this crypto is very high, reaching 18.07%.

The circulating supply of GORILLA is 846.158 million GORILLA, with a total supply of 898.93 million GORILLA. The fully diluted market capitalization of this cryptocurrency stands at $3,647 million.

Source: TradingView

Distribution and Further Technical Analysis

Gate.io holds 32.8% of GORILLA's overall supply, while 13.4% is circulating on the MEXC Global exchange. The top 10% of GORILLA holders control 52.39% of the crypto's supply, with the total number of holders reaching 4.52K, which has seen a slight decline since June 2024.

From a technical analysis perspective, GORILLA has formed a descending triangle pattern and a consolidation zone, with a possible change in character to bullish levels on the upside. The price is currently trading at a strong support level for the past six months. A potential breakout above this triangle pattern could lead to the next resistance at the $0.0070 level.

GORILLA Price Prospects in the Future

Although GORILLA has seen a recent increase in trading volume and price, the cryptocurrency remains down 82% from its all-time high. Signs of bullish momentum, including a potential breakout and golden crossover, are there, but overall market sentiment remains uncertain with bearish indicators and high price volatility.

Support levels for GORILLA are $0.0020 and $0.00320, while resistance levels are at $0.00750 and $0.0110. Investors and crypto market observers will continue to pay close attention to GORILLA's developments to determine its next steps in this dynamic market.

Cara Beli Crypto di Bittime

You can buy and sell crypto assets in an easy and safe way via over. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets at over, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement Bitcoin (BTC) price, Ethereum (ETH), Solana (SUN) and other cryptos to find out today's crypto market trends in real-time on Bittime.