1000CHEEMS, a popular meme coin, has staged a recovery from its recent lows, showing fresh buying interest after hitting $0.001103. This rebound comes despite a 3.44% drop in the past 24 hours, as traders eye potential resistance retests.
📈 Technical Analysis
On the 4H chart, the short-term trend is leaning bullish after a strong bounce from support. Key support sits at $0.001282, with stronger downside protection near $0.001103. Immediate resistance is at $0.001368, followed by $0.001459. RSI is at 71.06, signaling overbought territory, which could trigger short-term pullbacks. MA(5) is trending above MA(10), reinforcing bullish bias, while volume remains moderate compared to past spikes.
📰 Market Data & News
Current Price: $0.001320 (-3.44% 24h)
24h Range: $0.001282 – $0.001368
Volume (24h): 826.31M 1000CHEEMS
While no major news headlines have emerged today, meme coins continue to capture trader attention in volatile market conditions.
🔄 Scenario Breakdown
Bullish Case: Sustaining above $0.001282 and breaking $0.001368 could pave the way to $0.001459 and potentially $0.001587.
Bearish Case: A rejection near resistance with declining volume could push the price back toward $0.001282 or $0.001202.
📊 Sentiment Meter: 📈 Bullish Momentum – Strong bounce, but overbought signals flashing
⚠️ Risk Level: 🟡 Medium – Uptrend forming, but overbought RSI increases pullback risk
💬 Will 1000CHEEMS break $0.001368 or pull back for a retest of $0.001282? Drop your take below 👇
📊 Drop your chart view below 👇
🐕 Comment your bias: Bullish or Bearish?
❤️ Like 👍 | Share 📤 | Follow 🔔 @The_Crypto_Malik for daily 4H insights
#1000CHEEMS #CryptoAnalysis #BinanceSquare #MemeCoin #TechnicalAnalysis #BinanceTurns8
📢 Not financial advice. Always DYOR and manage your risk.