CHILLGUY, a memecoin built on the Solana blockchain, experienced a remarkable price increase of approximately 46% this week.
Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have recorded a bullish convergence on the daily charts, indicating strong buyer interest.
If the bullish trend continues, the price could reach its target of $0.70, reinforcing the memecoin mania trend.