The growth of Chillguy (CHILLGUY) cryptocurrency has been incredibly rapid. It commenced trading on the 15th of November with a market capitalization of approximately $100k. Nearly 1 billion tokens of this meme coin are currently in circulation.
At a price of $0.286, the token’s market cap stood at $274 million at the latest update. This signifies a staggering 57,222% increase in less than five days. Strong buy signals are still evident in the short-term price chart of this token.
Derived from an artwork on X, the Chillguy meme coin is gaining viral popularity. Its potential for further expansion is high, given that engagement tends to breed more engagement. However, this continuous cycle might be brief until a new token or event captures the public’s interest.
Is there a Possibility of Continued Growth for CHILLGUY Crypto?
On the 19th of November, a notable surge in trading volume led to a significant upward movement in the OBV. During this period, CHILLGUY crypto managed to breach the crucial $0.1 mark.
Observing the 30-minute chart, the Awesome Oscillator depicted declining peaks while the price exhibited higher highs, indicating a bearish divergence. Consequently, the meme coin might encounter resistance around the $0.29 mark in the upcoming hours.
The support level is at $0.165, with the Supertrend still signaling a buying opportunity. The Bollinger bands highlighted increased volatility, hinting at potential resistance from the band extremes against the bullish momentum.
Disclaimer: The views expressed above do not serve as financial, investment, trading, or any other form of advice but are solely the author’s perspective.