Here’s the technical breakdown for $1000CHEEMS /USDT:

Current Price: $0.001447 (-6.34%)

24h High: $0.001565

24h Low: $0.001417

MA60: $0.001440 → Current price slightly above this level — watch for support here

Volume: 1.50B CHEEMS / $2.23M USDT → Very active

Moving Averages:

MA(5): 389,998

MA(10): 354,359

Volatility is high due to meme token dynamics and 6% drop — day traders active.

Support & Resistance:

Immediate support: $0.001440 (MA60), then $0.001417 (24h low)

Resistance: $0.001453, $0.001500, $0.001565 (24h high)

Outlook:

Price is testing support around MA60. If it holds, expect a short-term bounce to $0.00150+. If it breaks below $0.001417, deeper downside could follow. Momentum is bearish but near-term mean reversion possible.

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