đ¶ $1000CHEEMS /USDT â Can the Meme Momentum Reignite?
đ 1D Timeframe | đ” Current Price: $0.001410 (+0.36%)
After a mid-June dip, CHEEMS is attempting a short-term recovery, but it's still below critical MAs. Momentum is soft, but structure suggests a rebound might develop â if bulls donât fumble it.
đ§ Technical Overview:
MA Compression: Price is near the 7-day MA ($0.00136) and 25-day MA ($0.00143), but still under the 99-day ($0.00152) â a break above that could unlock upside momentum.
Recent Bounce: A slight reversal after falling below $0.0013 may signal a double bottom, but itâs too early to confirm without volume.
Mid-Range Zone: Still trading in the mid-band of the broader range from $0.0011â$0.0022 seen since April.
đŻ Targets to Watch:
đŻ Target 1 â $0.00150
First hurdle: reclaiming the 99-day MA. Confluence here could lead to strong resistance.
đŻ Target 2 â $0.00175
Local high from May. A breakout above this could reignite meme hype buyers.
đŻ Target 3 â $0.00220
April's top wick â major resistance and likely sell zone.
đ Bearish Risk:
Break below $0.00128 would negate this rebound setup and likely target $0.00110 again â where past support rests.
Low volume and meme fatigue could make bull runs fizzle quickly.
đ§ Final Word:
CHEEMS is trying to wiggle out of its slump, but hasnât confirmed a bullish reversal yet. If it flips the 99-day MA with strong candles and volume, bulls could take control. Until then, itâs walking a tightrope.
â ïž DYOR â Do Your Own Research. This is not financial advice. Markets can be volatile â always trade responsibly!