New Character" meme, has been making waves in the crypto world with a remarkable 530% surge, pushing its price to $0.2140. The token boasts a market cap of $216.4 million, matching its fully diluted valuation, and recorded a 24-hour trading volume of $39.3 million. With 999.97 million tokens circulating, nearly reaching its 1 billion total supply, CHILLGUY has demonstrated strong momentum and increased investor interest. Since its launch on November 18, the coin's price has skyrocketed by 3627%.
Chill Guy Meme Coin Hourly Chart Analysis:
Momentum: The hourly chart reflects short-term momentum with consistent higher highs and higher lows, reinforcing the bullish trend.
RSI Indicator: With an RSI level of 77.47, the hourly time frame signals overbought conditions, which may imply a potential pullback or period of consolidation in the near term before a continued rise.
Volume Analysis: High volume accompanying the recent upward movement points to strong participation from buyers, adding validity to the recent price surge.
Chill Guy Meme Coin Daily Chart Analysis:
Bullish Scenario: If the momentum persists and the price breaks above the recent peak of $0.2627 with sustained volume, it could target $0.35 to $0.40 as the next resistance zones. If the market sentiment remain strong and buying pressure continues, CHILLGUY/SOL could aim for a higher range between $0.50 and $0.70 within the upcoming weeks or month.
Consolidation Phase: The price may enter a phase of consolidation after such a significant increase. In this case, the price could trade sideways between $0.15 and $0.25 as it gathers momentum for another breakout.
Bearish Scenario: If the RSI moves into overbought territory and the price faces resistance around the $0.26 mark, a correction may occur, leading the price back to the support level of $0.10 to $0.15. This would be a natural retracement before potential further growth.
Chill Guy Meme Coin Price Prediction for 2024:
Base Scenario: If CHILLGUY continues to maintain its current trajectory with occasional corrections, it could reach the $0.5 range by mid-2024.
Bullish Scenario: If the current trend is supported by strong fundamentals, continuous community engagement, and strategic partnerships, a more aggressive target of $1 by late 2024 could be plausible.