Here's a technical analysis update for $1000CHEEMS /USDT on the 4H chart:
š¶ 1000CHEEMS/USDT ā 4H Chart Breakdown
Current Price: $0.001527
Recent Gain: +0.26%
Momentum: Solid bullish breakout above moving averages
š Moving Averages:
MA 7 (short-term): $0.001485 ā support reclaimed
MA 25 (mid-term): $0.001440 ā bullish crossover confirmed
MA 99 (long-term): $0.001442 ā just broken with volume: key signal of potential trend reversal
š„ Chart Signals:
Strong impulse candle broke above MA99, often a precursor to continued upside.
The last two green candles suggest momentum buyers stepping in.
Holding above $0.00150 will be crucial to sustain the breakout.
š Key Levels:
Support: $0.00148 ā $0.00144 (prior resistance zones)
Resistance: $0.00156 ā $0.00162 (local highs and potential take-profit zones)
Breakout Target: $0.00170+ possible on continuation
š§ Sentiment:
This setup looks bullish, especially if consolidation holds above the 99MA. Meme coin volatility remains high ā a pullback toward $0.00148 wouldn't invalidate the structure.
š¢ TL;DR:
1000CHEEMS is showing early signs of a breakout. Watch $0.00156+. Above that, it could accelerate.
ā ļø DYOR ā Do Your Own Research. This is not financial advice. Markets can be volatile ā always trade responsibly.
