CHILLGUY price may be primed for a big rally as whales step in aggressively, even as retail selling continues.
Summary
- CHILLGUY price recently bottomed at $0.0383 and is rebounding, testing the 7-day EMA with fading bearish momentum on the MACD.
- Whales have accumulated over $560,000 in net monthly inflows, signaling potential for a rebound once retail supply is exhausted.
After failing to break out of a cup-and-handle formation and forming a bearish double top around $0.12, Just a Chill Guy (CHILLGUY) price slid to the $0.04 level. An attempt to recover was rejected in late July, eventually pushing the memecoin to its lowest point since April — bottoming at $0.03830 on August 25 — before rebounding nearly 8% yesterday. At press time, CHILLGUY price is trading at $0.04496 as it tests the dynamic 7-day EMA resistance.
CHILLGUY technical analysis
While the short-term trend remains bearish with the EMA 7 still well below the EMA 20, bearish momentum on the MACD is fading as the lines converge toward a potential crossover. The recent low of $0.03830 represents a critical support level that could define the next major price move for CHILLGUY.
Whales loading up: what it means for CHILLGUY price
More importantly, whales have stepped in aggressively, recording more than $560,000 in net monthly inflows, even as retail wallets continue to offload holdings. Historically, this kind of divergence can mark a local bottom because once retail supply is exhausted, price has room to rebound on relatively small demand.
Many CHILLGUY whales are also big holders of other Solana memecoins, including TRUMP, WIF, and PENGU. This suggests they se
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Author: Darya Nassedkina
