The price of Gorilla has experienced a significant decline of over 9% within the past 24 hours, now valued at $0.003381. This fall coincides with a widespread sell-off across the cryptocurrency market, resulting in a drop of more than 3% in the market capitalization to $2.18 trillion.

Key Support Test for Gorilla Price

4-hour chart for GORILLA/USD (Source: GeckoTerminal)

The Gorilla price is currently undergoing a crucial test at the support level of $0.003380. A breach below this level could indicate a potential further drop towards $0.003102 in the next 24 hours. Conversely, maintaining a price above $0.003380 in the subsequent candles might signal a reversal of the bearish trend, potentially leading to an upward movement. Traders looking for long positions may find favorable conditions at the $0.003380 support level.

With a potential influx of buyers, the meme coin could target the next resistance level at $0.003982 and even aim for $0.004723 in the short term in an extremely bullish scenario.

Technical Indicators Point to Potential Downside for Gorilla Price

Technical analysis on the 4-hour chart of GORILLA suggests a continuation of the downward trajectory. Indicators like the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicate a prevailing bearish sentiment. The crossing of the MACD line below the MACD Signal line, along with a decreasing gap between these indicators, suggests an amplification of the bearish momentum for GORILLA. The RSI further reinforces this bearish outlook, showing a significant decline from above 70 to below 40, signifying a weakening bullish stance.

Investors are displaying a keen interest in PlayDoge (PLAY) during its presale phase due to its combination of the Dogecoin brand with the flourishing gaming industry.

Fusing Dogecoin Popularity with Gaming Sector Growth

PlayDoge (PLAY) introduces a play-to-earn model that merges the established Dogecoin brand with the vibrant gaming sector. By reviving the nostalgic Tamagotchi game using blockchain technology, players can earn PLAY rewards by attending to their digital pets. This innovative gaming concept allows players to receive crypto incentives by taking care of their virtual companions, making the gameplay interactive and rewarding.

Participants staking PLAY tokens during the presale are presented with lucrative passive rewards, including a 109% annual yield. This staking opportunity, combined with the potential for substantial growth, has captured the attention of investors, with the project's ICO already securing over $5.36 million.

To acquire PLAY tokens, investors can utilize the purchase widget on the project's website, offering them at the current price of $0.00515. The tokens can be bought using various cryptocurrencies like BNB, ETH, USDT, or traditional bank cards. Given an imminent price surge, interested buyers are advised to act promptly to capitalize on the opportunity.

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