Just A Chill Guy Price Plunges as Traders Turn to Catslap

Just A Chill Guy’s price fell 19% in the past 24 hours to trade at $0.3061 as of 3:35 a.m. EST on a 226% rise in trading volume to $336 million.

This slowdown comes despite the fact that CHILLGUY experienced rapid growth shortly after its launch. The project became the subject of controversy when the meme’s creator, Philip Banks, objected to the unauthorized use of his art.

The CHILLGUY meme artist just revealed that he has provided licensing and intellectual property rights for the $CHILLGUY🔥🤯 token

He also opened a #Solana wallet and people donated to him.

Bullish for $CHILLGUY!!🔥🔥🚀🚀 pic.twitter.com/lpMKxpTVJe

– Future Trends (@futuretrendsedu) December 13, 2024

However, Banks recently announced on Instagram that the issue had been resolved. The CHILLGUY team contacted him and after extensive discussions, they finalized a licensing and intellectual property rights agreement.

This resolution addresses concerns regarding the durability of the coin. While Banks initially shared updates on X, he moved to Instagram after his X account was hacked.

Just A Chill Guy Price Signals Coming Rebound

CHILLGUY/USD is currently trading at $0.3025. It sits just above the critical support level at $0.30, an area that has held multiple times during recent price movements. This support level has become a strong base for the price, reflecting buyers’ interest in this range. A prolonged hold above this level could fuel bullish momentum, while a breakout would likely lead to a stronger decline, with the next significant support coming around $0.25.

On the upside, immediate resistance lies at $0.35, aligned with the 50 simple moving average (SMA) on the hourly chart, acting as a short-term barrier. Beyond that, the 200 SMA at $0.39 presents a more formidable level of resistance. Breaking above these zones could signal the start of a strong bullish move, targeting higher levels around $0.45 and beyond.

CHILLGUYUSD analysis source: Dextools.io

The Moving Average Convergence Divergence (MACD) remains in negative territory, with the MACD line below the signal line, indicating the dominant bearish momentum. However, the narrowing gap between the MACD and signal lines suggests that bearish pressure may be decreasing, increasing the possibility of a near-term bullish crossover. Such a development could spark renewed buyer interest and drive up prices.

Meanwhile, the Relative Strength Index (RSI), currently at 35.18, is approaching the oversold zone. This indicates a weakening of selling pressure, which could pave the way for a possible price reversal as traders begin to look for buying opportunities.

In a bullish scenario, if the price holds above $0.30, it could rise towards the resistance level of $0.35, where the 5 SMA lies. A successful break above $0.35 could target the $0.39 resistance zone, reinforced by the 200 SMA. A decisive move beyond $0.39 would likely confirm a shift in market sentiment, opening the door to further gains towards $0.45 and perhaps beyond.

On the other hand, if the $0.30 support level fails to hold, sellers could take control, driving the price down to $0.25, a level that would serve as the next line of defense.

Given the mixed signals from technical indicators and the importance of the $0.30 support level, traders should closely monitor price action and volume within this range. A bounce from current levels could provide a good entry point for buyers, while a break below $0.30 would favor short sellers targeting lower price levels. The outcome at these key levels will likely determine the near-term direction of CHILLGUY/USD.

Catslap unveils massive airdrop campaign

As Just A Chill Guy price prepares for another massive surge, Catslap (SLAP) continues to make waves in the crypto world, especially after popular analyst ClayBro, with over 131,000 followers, predicts it could increase 50 times.

This newly launched meme coin introduces a fun and engaging Slap-2-Earn feature into its game which has already recorded 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 achieved “Hot Token” status on Best Wallet, a popular crypto wallet with over 60,000 users, significantly improving 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 via an airdrop, increasing rewards based on leaderboard placement. The harder you slap and the more tasks you complete, the greater the rewards.

We cook. Staking is now live, all purchases on the website will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ

– Cat Slap (@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 has increased by 10% in the last 24 hours and an incredible 4,800% since its launch. It is now trading at $0.00548159, according to CoinGecko.

Excitement continues to build as the project’s developers teased a major announcement in six days, with speculation pointing to a possible Coinbase listing.

SLAP tokens are available for purchase on the project’s official website for those interested in getting involved.

BUY SLAP tokens here.

Related articles:

Catslap (SLAP) – New Cat Meme Coin on Ethereum

• Listed on MEXC
• Featured on Cointelegraph
• Trending on CoinGecko, DEXTools
• More than 10,000 holders
• Slap to gain utility
• Token burns