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The Just A Chill Guy price soared 58% in the last 24 hours to trade at $0.4675 as of 4 a.m. EST on trading volume that surged 62% to $177.94 million.
The popular new meme coin saw quite a bit of volatility over the last several days, which took it to the resistance at $0.50 several times. However, its price was rejected, especially over the weekend, when it spiraled down nearly to $0.20.
Fortunately, the project’s popularity combined with the bullish market allowed CHILLGUY to recover back to $0.50 several hours ago, and then to move to its current level as of the time of writing.
The project did not make major moves recently that would act as catalysts for a surge in purchases, suggesting that its price boost comes as a combination of the meme coin’s popularity and Bitcoin’s dominance.
Since the largest crypto spent the last 12 hours pushing against the resistance at $98k, so did CHILLGUY when it comes to its own resistance at $0.50.
Just A Chill Guy Price Prediction
Just A Chill Guy price saw a major boost in the last 24 hours but has since run into a resistance that stood in its way before, even rejecting its price and causing it to get cut in half last week.
With that being the case, traders are interested in seeing whether the project will be able to breach the resistance this time around. However, according to the project’s technical indicators, its chances of doing so are fairly low at this time.
Just A Chill Guy’s Bollinger bands have seen a major narrowing since its surge that took place around 12 hours prior to the time of writing, which is a bearish signal. The price fluctuated between the middle point between the two bands and the upper band as the token kept trying to breach the resistance at $0.50, which was followed by small rejections.
However, it is likely only a matter of time before the price sees a stronger rejection. Right now, the token has found certain stability, which is unlikely to last for very long, especially near such a critical level.
This is also suggested by the project’s Relative Strength Index (RSI) value, which previously went deep into the overbought zone, only to then correct to the neutral area at 50, around 9 hours ago.
Ever since, it fluctuated between 50 and 65, with the buying pressure being too weak to push it back up to the overbought zone. This shows that the traders are hesitant to buy, and since the token never saw a strong correction that was needed to counter the deep venture into the overbought zone, this suggests that such a price drop has yet to come.
CHILLGUY’s price likely only remained as high up as it did because Bitcoin itself is bullish, trying to hit the $100k level and keeping the altcoins from starting a stronger correction. But, when it comes to CHILLGUY, its price is likely to drop before long, and its 15-minute chart suggests that this may have already started.
Promising Alternative To Just A Chill Guy
While CHILLGUY might be in for a correction, traders looking for alternatives could take a look at a new meme coin ICO called Flockerz (FLOCK).
This is a bird-based meme coin that found a simple, yet efficient solution to form and maintain a strong community. Its primary goal is to maintain its decentralization and to do that it invented a new model called Vote-To-Earn (V2E).
The idea is to incentivize community members to keep coming back and be regular participants in the project’s governance. Simply put, whenever they show up to vote in one of many decisions that the project will need to make as it progresses, they will be rewarded with some of its FLOCK tokens.
💙This Flock is Strong!!💙
3M raised and counting! Everyone in this flock is why $FLOCK will be the biggest and best community in crypto!
This presale is chugging along at record speeds! Grab your share here: https://t.co/HKN509Un5J pic.twitter.com/N4ObF230ig
— Flockerz (@FlockerzToken) November 23, 2024
Then, they can stake these tokens to earn even more through a massive annual staking reward of 689% annually, and keep growing their FLOCK.
As mentioned, the idea is fairly simple but effective, and according to ClayBro, a crypto expert and YouTuber with over 132k subscribers, it is driving huge demand, turning FLOCK into a crypto with at least 10x potential after launch.
The project’s ICO already raised over $3.2 million with FLOCK now selling for $0.0061259.
You can still join the ICO and buy FLOCK at this price with ETH, USDT, BNB, or credit/debit cards. Just make sure to do it before it sees its next price increase, which will take place in a little more than 1 day.
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