$CHILLGUY breaks trend line. Will it reach its old ATH?
Solana-based meme coin Chill Guy (CHILLGUY) has just broken out above a significant trend line in a dramatic reversal on its market. The token rose 31% in the last 24 hours. The break occurred after three months of sideways price action, suggesting a possible change of momentum for the meme coin.
A day chart indicates that $CHILLGUY was under a bearish channel as of the beginning of 2025. The short-term price rally moved the token beyond this bearish trend line currently trading at $0.03837. The price remains 94.7% lower than its ATH of $0.7250. The significant discount to its ATH level combined with the large trading volume of $3.842 million over the past 24 hours suggests significant market interest and the possibility of a future rally.
The chart shows that CHILLGUY is headed for a key resistance level at $0.04050, a price point that is equal to the former highs during the early 2025 period. The resistance level had formerly served as a ceiling level, and the ability of the token to break above the level may be an indication of further upside potential, particularly after the long period of consolidation in the last three months. The breakdown of the sideways trend and the high trading volume are indicators of rekindled interest by the community.
Traders are monitoring the price action on $CHILLGUY as the recent price movement of the token highlighted the potential of the token to go higher as the trend line was broken. The relaxed branding of the popular meme coin continues to interest people within the Solana community, and the recent trend makes the token a watchlist pick over the next couple of days.
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