$1000CHEEMS /USDT – Meme Token Slips Below Key Support
1000CHEEMS is currently trading at $0.001313 (-5.20%), hovering just above its 24h low of $0.001307, and slipping under critical short-term MAs: MA(7): $0.001352, MA(25): $0.001371, and MA(99): $0.001465. This technical breakdown confirms sustained bearish momentum. Despite solid trading volume of 507.25M CHEEMS, buyers are failing to defend key zones.
📊 Technical Picture:
Repeated failures to hold above moving averages reflect weak short-term structure
Bearish momentum accelerating near multi-week lows
Support from June–July consolidation zone ($0.00124–$0.00122) is the last line before deeper losses
📌 Key Levels:
Support: $0.00131 → $0.00124 → $0.00122
Resistance: $0.00135 → $0.00141 → $0.00151
⚠️ Outlook:
Unless bulls reclaim $0.00135+ quickly, 1000CHEEMS could test the $0.00122 base support. A breakdown below that risks panic selling. For upward momentum, price must flip $0.00141 resistance and close above the MA(25). Until then, trend favors further downside.