- Chillguy crypto needs social media hype to continue growth
- As a newly created token, it has already witnessed exceptional growth
As a seasoned researcher with years of experience under my belt, I have seen countless tokens rise and fall in the cryptosphere. However, the rapid growth of Chillguy [CHILLGUY] has caught my attention. It’s like watching a rocket launch – spectacular and exhilarating!
The CHILLGUY cryptocurrency has seen an impressive surge since its debut on November 15th, with a market value approximately $100,000 initially. Currently, nearly one billion units of this meme-based token are in circulation.
At the current price of $0.286, the market value of the token stood at approximately $274 million as of the press time. This represents an astounding 57,222% surge over a period of nearly five days. Furthermore, the token’s lower timeframe price chart indicated robust buy signals, suggesting continued growth.
Originating from a piece of art on platform X, the “Chill Guy” meme coin is rapidly gaining popularity and could continue to spread. As involvement tends to spark even greater interest, this cycle might persist for a while until another token or occurrence captures the public’s focus.
Can CHILLGUY crypto keep going?
On November 19th, there was a significant surge in the OBV (On-Balance Volume), driven by increased trading activity. Notably, during this period, the value of CHILLGUY cryptocurrency surpassed the symbolic $0.1 mark.
On the 30-minute chart, the Awesome Oscillator showed lower troughs instead of higher ones, while the price moved to successively higher levels. This creates a bearish divergence, suggesting that the meme coin might struggle to break through the $0.29 resistance level for some time in the upcoming hours.
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In simpler terms, the area priced at $0.165 acts as a floor for the asset, and the Supertrend system keeps indicating it’s a good time to buy. The Bollinger bands show that the market is becoming more volatile, but they also hint that the band limits might provide some obstacles for the bullish trend to advance.
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2024-11-21 13:43