The price of Gorilla has increased by 38% over the past week, reaching $0.004900 as of 03:57 a.m. EST. This surge coincides with the recent approval of spot Ethereum ETFs on May 23.

🔥 SEC APPROVES #ETHEREUM SPOT ETF
🚀 Ethereum is unique blockchain technology ever created pic.twitter.com/tNzbL9nHs2
— Cryptokosh | EliteCryptoTool (@elitecryptotool) May 24, 2024

Looking at the GORILLA/USDT one-day chart, Gorilla's price jumped 20% on Thursday. After peaking at $0.005850, traders began taking profits from gains made on May 23. Gorilla had been trading between $0.003331 and $0.006470 since late March, and this recent spike indicates an attempted bullish breakout.

**Gorilla Price Prediction**
GORILLA's price has dipped 4% in the past 24 hours with a 7% decline in trading volume, yet it remains bullish, maintaining weekly gains with higher lows since mid-May. The Relative Strength Index (RSI) is above 50, and the MACD is in positive territory, suggesting continued bullish momentum. If buying pressure increases, GORILLA could surpass the $0.006470 level, potentially moving into the Fibonacci Golden Zone. However, a rejection could send its price below $0.003331, invalidating the bullish trend.

Meanwhile, over $2.5 million has been invested in SEAL, a new SOL meme coin ICO, which YouTuber Crypto Boy claims could increase 100-fold at launch.

**Promising Alternative To Gorilla**
SEAL is the token for the Sealana project, featuring a digital mascot inspired by a stereotypical basement dweller who focuses on trading. With Solana meme coins gaining popularity, Sealana has attracted significant investor interest, surpassing $2.5 million in presale sales. Leveraging Solana's low fees and robust ecosystem, SEAL aims to outperform meme coins on more congested networks like Ethereum. The SEAL presale is ongoing without a set end date, encouraging interested investors to act quickly.