- $GORK’s 149.54% surge follows Elon Musk’s endorsement, igniting market interest.
- Support levels for $GORK are $0.000117 and $0.000135, key for pullbacks.
- $GORK’s momentum backed by a 523% volume surge, signaling investor interest.
After a dramatic weekend in the crypto markets, $GORK has emerged as one of the most talked-about tokens in early May. The token witnessed a staggering 149.54% surge in 24 hours, climbing to $0.0001615.
As per CryptoRank data, this sharp rally followed a surprising endorsement by Elon Musk, who updated his profile picture to reference the project, sparking a wave of interest in $GORK and its associated hashtag #GORKLON. Amid a broader market showing mixed signals, $GORK’s breakout has captured both traders’ attention and speculation around its future movement.
📉Market Overview
— CryptoRank.io (@CryptoRank_io) May 5, 2025
After the weekend, the market dipped slightly. $BTC is around $94K and $ETH near $1.8K.$CORE, $DRIFT and $WAL jumped over 10%, and @elonmusk pumped $GORK and #GORKLON after changing his profile picture.
Market Cap: $3.07T
24h Liquidation: $205.1M
Fear &… pic.twitter.com/y6zEoSWdG9
Broader Market Sees Mixed Signals
Bitcoin currently trades near $94,000, while Ethereum hovers around $1,800. Despite this slight dip across majors, select altcoins have seen impressive gains. Tokens like $CORE, $DRIFT, and $WAL all rose over 10%, and $GORK outpaced them significantly.
Market capitalization stands at $3.07 trillion, with $205.1 million in liquidations in the last 24 hours. The Fear and Greed Index sits at 52, indicating mild investor optimism.
Key Technical Zones to Watch
With $GORK’s price at $0.0001615, several critical levels have formed. On the support side, $0.000117 marks the previous low and is expected to hold in case of a pullback. Mid-range support lies at $0.000135, while $0.000150 could also act as a soft floor during volatile sessions.
Resistance remains tight at the current price zone. If bullish momentum continues, $0.00018 and $0.00020 may become the next targets. These levels represent both psychological resistance and potential profit-taking zones for early entrants.
Momentum Backed by Volume Surge
The breakout in $GORK’s price is strongly backed by a significant increase in trading volume. Daily volume surged over 523%, reaching $1.53 million. This rise in volume suggests real investor interest and not just algorithmic trading.
The close match between the token’s market cap and fully diluted valuation further suggests that most tokens are already in circulation, limiting future dilution risk.
Consider Volatility Risks
A single-day gain of nearly 150% comes with potential downsides. Often, such fast climbs lead to sharp corrections. Hence, while momentum may drive prices higher, short-term volatility remains a concern.
