ChillGuy (CHILLGUY) Price Surges 30% Amid Breakout: Technical Levels to Watch
CHILLGUY (CHILLGUY) is up 30% trading at $0.6210 as of 11/27/2024. Big news has been dropping and listings on KuCoin and Bybit have really opened up the market.
KuCoin announced the listing in a 11/27 post and Bybit added the CHILLGUY/USDT pair.
Volume is up 23% to $241.7 million and CHILLGUY’s market cap is $621 million. Prominent endorsements like MrBeast saying CHILLGUY is the “Biggest meme of our lifetimes” have the investors hyped. This is reflected in the 51% weekly gain and CHILLGUY is one of the top performers in the meme coin space.
But still worries. Phillip Banks the creator of the meme doesn’t like it being used in the project. But so far the coin isn’t slowing down as retail and institutions are in.
CHILLGUY Breaks Key Resistance: Technical Analysis
CHILLGUY’s recent breakout above the $0.5749 resistance level signals robust bullish momentum. The 4-hour chart reveals an ascending trendline supporting this upward trajectory.
Key Resistance Levels:
- Immediate: $0.6775
- Next: $0.7409
- Major: $0.7938
Key Support Levels:
- Immediate: $0.5749
- Next: $0.4834
- Major: $0.4147
The Relative Strength Index (RSI) is at 66, nearing overbought territory but reflecting strong momentum. Additionally, the 50-EMA at $0.4834 reinforces the bullish bias, providing a solid base for any potential retracements.
Traders should watch $0.6775 as a critical level. A successful breach could propel the coin toward the psychological resistance at $0.7938. Conversely, failure to sustain above $0.5749 may lead to corrections targeting $0.4834.
Investor Highlights and Market Sentiment
Key market movements have drawn significant attention:
- Prominent Endorsements: MrBeast’s comments have elevated public interest.
- Major Trades: A trader converted $1 million into CHILLGUY, reflecting confidence in its prospects.
- Bullish Metrics: A weekly gain of 51% underscores the coin’s growing popularity.
The listings on KuCoin and Bybit have amplified liquidity and market access, allowing a broader base of traders to interact with CHILLGUY. However, legal risks related to intellectual property could temper future optimism.
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