CHILLGUY May See Important price Boost as Whales Invest Heavily
CHILLGUY’s price might surge due to significant whale investments, even as retail investors continue to sell off. Recently, CHILLGUY reached a low of $0.0383, but it’s now showing signs of recovery.
In late July, CHILLGUY dropped sharply after struggling with breakout attempts around $0.12. It bottomed at $0.0383 on August 25 but bounced back almost 8%.Currently, it trades at $0.04496, nearing the 7-day EMA resistance.
Technical Analysis: though short-term trends remain bearish, bearish momentum is weakening on the MACD. $0.0383 acts as a vital support level, perhaps determining CHILLGUY’s next major move.
Whales have been accumulating CHILLGUY, investing over $560,000 this month.This divergence between retail selling and whale buying could indicate a market bottom.Upon exhausting retail supply, even modest demand might push prices higher.
Many CHILLGUY whales also hold TRUMP,WIF,and PENGU tokens,suggesting they see similar growth prospects,particularly in PENGU’s recent surge.
- Immediate resistance: $0.045 (7-day EMA)
- next resistance levels: $0.05 and $0.065
- Primary support level: $0.03830
The current market sentiment is mixed, but whale activity signals optimism among seasoned traders. Given current technicals and whale investments, CHILLGUY could gradually rise towards $0.065-$0.08 in coming weeks if support holds.
Compared to WIF and BONK, CHILLGUY demonstrates greater stability thanks to sustained whale interest. This foundation could lead to better performance when the memecoin sector rebounds.
