The Gorilla price experienced a surge of over 42% within the last 24 hours, reaching a value of $0.006979 by 2:25 a.m. EST as investors showed confidence in the altcoin.

This recent increase in the GORILLA price has resulted in a yearly gain exceeding 2,861%. Additionally, it has brought the crypto's weekly and monthly performances back into positive territory.

The Gorilla Price Attempting To Break Another Price Barrier

The Gorilla price is striving to surpass the resistance level at $0.007014, having already broken through the $0.005606 barrier in the past day. If the altcoin manages to close a 4-hour candle above $0.007014 in the next 12 hours, it could establish a strong base for further growth in the near future.

Traders may consider entering long positions for GORILLA, potentially driving the price towards the major resistance at $0.009196 within the next day. With sufficient buying pressure, the altcoin might even exceed this threshold and aim for the $0.012055 mark shortly after.

Before engaging in long positions, traders and investors should take note of the rising wedge formation on GORILLA's 4-hour chart. This pattern typically signals a forthcoming correction.

If GORILLA fails to close a 4-hour candle above $0.007014 within the next 12 hours, this pattern could be confirmed. Sellers might then push the Gorilla price down to $0.005606, with further selling potentially causing the altcoin to drop to $0.004565.

Sellers May Soon Gain Control Of The Gorilla Price

Technical indicators on GORILLA's 4-hour chart are currently bullish. Nonetheless, signs of weakening buying power are emerging. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest continued upward movement for GORILLA in the next 24-48 hours.

The MACD line is rising above the MACD Signal line, indicating a positive momentum shift for the crypto. Meanwhile, the RSI is above its Simple Moving Average, signifying stronger buyer influence. However, an RSI peak in overbought territory followed by a decline could hint at an impending bearish reversal.

Considering this, traders might opt to short GORILLA due to the current potential for a greater downside compared to upside.

While GORILLA's price could soon experience a correction, investors are showing interest in the Dogecoin20 presale, seeking possible 100X gains in 2024.

Investors Scramble To Buy This Meme Coin Before Its Launch This Month

Dogecoin20's presale is attracting crypto traders and investors, as the meme coin represents a significant upgrade to the original DOGE brand and technology introduced in 2013. With over $10 million raised during the ICO, the presale sold out earlier than anticipated.

Given the immense interest, the project team has decided to offer one final opportunity for investors to purchase the meme coin before Dogecoin20's launch on April 20. With 17 days remaining, DOGE20 presents the potential for substantial returns upon its release.

Launched as an ERC-20 token, DOGE20 not only presents a more environmentally friendly alternative to Dogecoin but also allows token holders to earn rewards through staking. Early buyers who lock up tokens can qualify for up to 64% in annual rewards.

Higher Growth Potential Than The Original Dogecoin

Unlike Dogecoin, which has an unlimited token supply, Dogecoin20 caps its supply at 140 billion tokens. This finite amount positions DOGE20 favorably to outperform the legacy DOGE coin in the medium to long term.

Should the positive momentum witnessed during Dogecoin20's presale continue post-launch, it may only be a matter of time before DOGE20 surpasses the original meme coin.

Investors interested in DOGE20 can make purchases on the official project website at a price of $0.00022, using ETH, BNB, USDT, or a bank card.

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