Callous Man Prices Plunge As Traders Turn To Catslap.

The price of Just A Chill Guy has plummeted 19% in the last 24 hours, trading at $0.3061 as of 3:35 AM ET, with volume up 226% to $336 million.

This downturn comes despite CHILLGUY experiencing rapid growth shortly after launch. The project faced controversy when the meme’s creator, Philip Banks, objected to the unauthorized use of his artwork.

Just revealed that the artist behind the CHILLGUY meme has provided licensing and IP rights to the $CHILLGUY token🔥🤯

He also #Solana We had people grab their wallets and donate.

$CHILLGUY is optimistic!!🔥🔥🚀🚀 pic.twitter.com/lpMKxpTVJe

— Future Trends (@futuretrendsedu) December 13, 2024

However, Banks recently announced on Instagram that the issue has been resolved. The CHILLGUY team contacted him and after extensive discussions, a licensing and IP rights agreement was finalized.

This resolution addresses concerns about the coin’s sustainability. Banks initially shared updates on X, but switched to Instagram after X’s account was hacked.

Just sobering prices signal a rebound ahead

CHILLGUY/USD is currently trading at $0.3025. It is just above the important support level of $0.30, an area that has held repeatedly during recent price movements. This level of support reflects buyer interest in this range, creating a strong foundation for the price. A sustained hold at this level could promote bullish momentum, while a breach would likely lead to a sharper decline, with the next important support hovering around $0.25.

On the positive side, immediate resistance lies at $0.35, which coincides with the 50 simple moving average (SMA) on the 1-hour chart, acting as a short-term barrier. Besides that, the 200 SMA at $0.39 provides an even stronger resistance level. A break above this area could signal the start of a strong upward move targeting around $0.45 and above.

CHILLGUYUSD Analysis Source: Dextools.io

The moving average convergence divergence (MACD) is still in negative territory and the MACD line is below the signal line, indicating that bearish momentum is dominant. However, the narrowing gap between MACD and the signal line suggests that bearish pressure may be waning, increasing the likelihood of a bullish crossover in the near term. These developments could spark new buying interest and push prices higher.

Meanwhile, the relative strength index (RSI), currently at 35.18, is inching closer to oversold territory. This means selling pressure is waning, which could pave the way for a potential price reversal as traders start looking for buying opportunities.

In a bullish scenario, if the price stays above $0.30, it may bounce towards the $0.35 resistance level where the 5 SMA is located. A successful break above $0.35 could target the $0.39 resistance area, reinforced by the 200 SMA. A decisive move above $0.39 would confirm a change in market sentiment, opening the door to further gains above $0.45.

On the other hand, if the $0.30 support level does not hold, sellers could gain control and push the price down to $0.25, which would act 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 in this range. A bounce from current levels could be a good entry point for buyers, while a drop below $0.30 would be advantageous for shorts targeting lower price levels. The results of these key levels will likely determine the near-term direction of CHILLGUY/USD.

Catslap unveils large-scale airdrop campaign

Just A Chill Guy As the price prepares for another massive surge, Catslap (SLAP) continues to make waves in the cryptocurrency world, especially after renowned analyst ClayBro with over 131,000 subscribers predicted a 50x surge.

This newly released meme coin brings the fun and engaging Slap-2-Earn feature to the game, and has already garnered a whopping 737 million slaps on the global Slapometer. This interactive mechanism has fostered the rapid growth of the community, with SLAP tokens now held by 18,959 holders.

Adding to its appeal, Catslap has achieved “Hot Token” status on Best Wallet, a popular cryptocurrency wallet with over 60,000 users, giving it a significant boost in visibility and momentum. The project is also preparing the Zealy Community Slapdrop campaign, which combines a Slap-to-Earn mechanism with social and community challenges.

Participants can earn XP to climb the leaderboard and unlock rewards ranging from $10,000 to $100,000 for finishing in the top 10. Active users will also receive SLAP tokens via airdrop, and their rewards will increase based on their leaderboard rankings. The harder you hit and the more tasks you complete, the bigger the rewards.

We are cooking. Staking is currently live, all website purchases will be staked for 7 days at 40% APY. Burn to unlock early 🔥🔥 pic.twitter.com/ZIUK9pd3sZ

— Cat Slap (@CatSlapToken) November 21, 2024

SLAP holders can also earn passively through the project’s staking program, which offers an attractive 40% Annual Percentage Yield (APY).

Meanwhile, the coin has seen notable growth since it was listed on MEXC last week. The price is up 10% in the last 24 hours and is up a whopping 4,800% since launch. According to CoinGecko, it is currently trading at $0.00548159.

Anticipation continues to grow, with project developers making a major announcement in just six days and speculation pointing to a potential Coinbase listing.

Those who wish to participate can purchase SLAP tokens on the project’s official website.

Buy SLAP tokens here.

Related articles:

Catslap (SLAP) – Ethereum’s new cat meme coin

• MEXC listing
• Cointelegraph Special
• Trends from CoinGecko, DEXTools
• 10,000+ holders
• Hit it and get utility
• Token Burn