Just A Chill Guy Price Eyes ATH As CHILLGUY Lands Licensing Deal With Creator Philip Banks, And Traders Pivot To This Red Hot P2E Meme Coin

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The
Just
A
Chill
Guy
price
has
plummeted
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
meme’s
creator,
Philip
Banks,
objected
to
the
unauthorized
use
of
his
art.

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.

It’s
sitting
just
above
the
critical
support
level
at
$0.30,
which
is
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
Simple
Moving
Average
(SMA)
on
the
1-hour
chart,
acting
as
a
short-term
barrier.
Beyond
that,
the
200
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.

Just A Chill Guy price

Just A Chill Guy price

CHILLGUYUSD
Analysis
Source:
Dextools.io

The
Moving
Average
Convergence
Divergence
(MACD)
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
Relative
Strength
Index
(RSI),
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
5
SMA
is
located.
A
successful
breakout
above
$0.35
could
target
the
$0.39
resistance
zone,
reinforced
by
the
200
SMA.
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.

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