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The Just A Chill Guy price has slumped 19% in the last 24 hours to trade at $0.3061 as of 3:35 a.m. EST on a 226% pump in trading volume to $336 million.
This downturn comes despite CHILLGUY achieving rapid growth shortly after its launch. The project faced controversy when the character’s creator, Philip Banks, objected to the unauthorized use of his art.
The Artist for the CHILLGUY meme just disclosed that he has provided licensing and IP rights for the $CHILLGUY token🔥🤯
He also opened a #Solana wallet and had people donate to him.
Bullish for $CHILLGUY!!🔥🔥🚀🚀 pic.twitter.com/lpMKxpTVJe
— Future Trends (@futuretrendsedu) December 13, 2024
However, Banks recently announced on Instagram that the issue has been resolved. The CHILLGUY team reached out to him, and after extensive discussions, they finalized a licensing and IP rights agreement.
This resolution addresses the concerns about the coin’s sustainability. While Banks initially shared updates on X, he switched to Instagram after his X account was hacked.
Just A Chill Guy Price Signals A Rebound Ahead
CHILLGUY/USD is currently trading at $0.3025, sitting just above the critical support level at $0.30, a zone that has repeatedly held during recent price movements. This support level has become a strong foundation for the price, reflecting buyer interest at this range. A sustained hold above this level could fuel bullish momentum, while a breach would likely lead to a sharper decline, with the next significant support resting around $0.25.
On the upside, immediate resistance lies at $0.35, aligned with the 50-day moving average (SMA), acting as a short-term barrier. Beyond that, the 200-day SMA at $0.39 presents a more formidable resistance level. Breaking above these zones could signal the start of a strong upward move, targeting higher levels around $0.45 and beyond.
CHILLGUYUSD Analysis Source: Dextools.io
The MACD (Moving Average Convergence Divergence) remains in the negative territory, with the MACD line below the signal line, indicating prevailing bearish momentum. However, the narrowing gap between the MACD and signal lines suggests that bearish pressure may be waning, raising the possibility of a bullish crossover in the near term. Such a development could spark renewed buying interest and drive the price higher.
Meanwhile, the RSI (Relative Strength Index), currently at 35.18, is inching closer to the oversold region. This indicates weakening selling pressure, which may pave the way for a potential price reversal as traders start to look for buying opportunities.
In a bullish scenario, if the price holds above $0.30, it could rally toward the $0.35 resistance level, where the 50-MA is located. A successful breakout above $0.35 could target the $0.39 resistance zone, reinforced by the 200-MA. A decisive move past $0.39 would likely confirm a shift in market sentiment, opening the door for further gains toward $0.45 and possibly beyond.
On the flip side, if the $0.30 support level fails to hold, sellers could gain control, driving the price down to $0.25, a level that would serve as the next line of defense.
Given the mixed signals from the technical indicators and the importance of the $0.30 support level, traders should closely monitor price action and volume in this range. A rebound from current levels could provide a good entry point for buyers, while a breakdown below $0.30 would favor short-sellers targeting lower price levels. The outcome at these key levels will likely determine the short-term direction of CHILLGUY/USD..
Catslap Unveils Massive Airdrop Campaign
meanwhile, as Just A Chill Guy price gears for another massive surge, Catslap (SLAP) continues to make waves in the crypto world, especially after renowned analyst ClayBro, with over 131K subscribers, predicted it could surge by 50X.
This newly launched meme coin introduces a fun and engaging Slap-2-Earn feature that has already logged an astonishing 737 million slaps on the global Slapometer. This interactive mechanism has fueled rapid community growth, with 18,959 holders now owning SLAP tokens.
Adding to its appeal, Catslap has achieved “Hot Token” status on Best Wallet, a popular crypto wallet with over 60,000 users, significantly enhancing its visibility and momentum. The project is also gearing up for the Zealy Community Slapdrop Campaign, which combines social and community challenges with Slap-to-Earn mechanics.
Participants can earn XP to climb the leaderboard and unlock rewards, including $10,000 to $100,000 for the top 10. Active users will also receive $SLAP tokens through an airdrop, increasing rewards based on leaderboard rank. The harder you slap and the more tasks you complete, the bigger the rewards!
We be cooking. Staking now live, all website buys will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ
— Catslap (@CatSlapToken) November 21, 2024
SLAP holders can also earn passively through the project’s staking program, offering an attractive 40% annual percentage yield (APY).
Meanwhile, the coin has seen remarkable growth since its listing on MEXC last week. Its price rose 10% in the last 24 hours and an incredible 4,800% since launch, and it is now trading at $0.00548159, according to CoinGecko.
Excitement continues to build as the developer has teased a major announcement in six days, with speculation pointing to a potential Coinbase listing.
SLAP tokens are available for purchase on the project’s official website for those looking to get involved.
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