- CHILLGUY climbed 4.9% in 24 hours, reaching a price of $0.05654 amid rising trading volume.
- Price is consolidating below the resistance level of $0.05979, while support remains firm at $0.0534.
- Weekly chart shows the token stabilizing after a significant downtrend, with volume hitting 623.40M in 24 hours.
CHILLGUY, which is one of the recently listed tokens on Binance, kept gaining traction as it marked a 4.9% rise in the last 24 hours. The token has been trading at $0.05654, having begun at 24-hour low of $0.05321, and briefly touched an intraday high of $0.06002.
At the time of reporting, CHILLGUY is trading just below resistance at $0.05979, above the current support at $0.0534. This price movement is also followed by a noticeable surge in volume since 623.4 million CHILLGUY moved during the same period
Weekly Chart Shows Initial Bottoming Behavior
The weekly chart indicates that CHILLGUY recently formed a local bottom near the $0.01780 area. The token has thereafter consolidated slowly in a tight upward range between support near $0.0534 and resistance near $0.05979. Notably, the comeback began after a lengthy drop in which the token fell from an all-time high of approximately $0.56990.
Although the volume profile on the weekly chart suggests growing interest, price volatility remains high. This week’s gains came alongside increased user activity, but the token remains nearly 90% down from its peak. Still, the gradual incline has pushed the token back into a zone where traders are watching for potential breakout confirmations.
Current Price Range Remains Crucial for Direction
As CHILLGUY continues to test resistance around $0.05979, a breakout or rejection from this level may dictate near-term momentum. If price sustains above this resistance with consistent volume, traders may look to $0.06519 as the next immediate zone to monitor.
However, if price slips below $0.0534, bearish pressure could revisit recent consolidation lows. The current tight consolidation suggests that market participants are undecided but closely watching volume shifts.
Trading Volume Signals Increased Participation
The total volume traded over 24 hours exceeded $623 million, indicating elevated trader engagement. Binance order books also reflect stable mark prices near $0.05595, aligning closely with the last traded price.
CHILLGUY’s low market cap and recent listing history may contribute to continued volatility. However, the consistent presence of buyers above $0.0534 provides short-term structural support to the current range.
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