$1000CHEEMS #1000CHEEMS

Currently, 1000CHEEMS is trading around 0.001425 USDC. After a daily high of 0.001551, the price returned to test a local support near 0.001404 before showing initial signs of stabilization.

Indicator Analysis:

The moving averages (MA7, MA25, and MA99) show the beginning of flattening after a marked bearish phase, a potential sign of an accumulation phase.

The RSI (Relative Strength Index) on the 1-hour unit is at 44.8, slightly below the neutral zone of 50, indicating that the asset is in a weak zone but not in extreme oversold conditions. This could suggest a gradual rebound.

The MACD is in a phase of imminent bullish crossover, with the MACD line grazing the signal line. This indicates the beginning of a recovery in upward momentum.

Key Levels:

Immediate Support: 0.001404

Resistances to watch: 0.001450 then 0.001467 (corresponding to MA25 and MA99).

Why could a trade be interesting now? The technical setup shows that 1000CHEEMS is trying to build a solid support around 0.00140 – 0.00142. With an RSI close to neutrality and a MACD attempting to cross positively, entering a position now would allow for anticipating a potential rebound towards the 0.001450 to 0.001467 zone, offering a favorable risk/reward ratio. Moreover, the small distance to the key support reduces the risk in case of a well-placed stop-loss just below 0.001400.

✅️A cautious entry on 1000CHEEMS seems interesting at these levels, with a short-term target around 0.00146 – 0.00147, while remaining vigilant on volume evolution and confirming a bullish MACD crossover.