1
Gorilla (GORILLA) price broke below the monthly low value highlighting a bearish outlook on the chart.
2
The technical indicators imply a trend continuation on the lower side until the price hovers below the key EMAs.
GORILLA attempted a recovery in the last couple of sessions. Strong selling resulted in the breakdown of the monthly low of $0.0038. The crypto was currently trading close to $0.0039 recording a swift intraday loss of 0.32%.
The daily chart shows that the bears are in control of the short term since the 1st week of March 2024. Sharp selling was observed from the monthly high value which dragged the price lower breaking below the 20 and 50 day exponential moving averages.
Recently, the Gorilla price broke below the monthly low value resulting in a trend shift towards the bearish side. The bulls attempted to hold but fell amid low volume. The price could continue dropping toward lower levels.
Gorilla Crypto: Fundamental Outlo
We współpracy z: https://www.thecoinrepublic.com/2024/04/18/gorilla-price-stays-suppressed-is-further-decline-on-the-horizon/
