Cheems (cheems.pet) continues to show heads within the meme coin market, exhibiting spectacular power even because the broader crypto house stays risky.
With a market cap hovering round $300 million and an all-time excessive of roughly $398 million set on March 25, Cheems has maintained stable footing.
Not like many meme cash that crumble beneath stress, CHEEMS has managed to carry worth, hinting at potential for one more leg up.
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Cheems Value Prediction
Regardless of latest sell-offs throughout the market, Cheems is up 9% over the previous 24 hours and 11% over the previous week. Extra impressively, it’s nonetheless up 76% over the previous month. This type of efficiency throughout unsure market circumstances means that bullish momentum is constructing behind the scenes.
On the 4-hour chart, Cheems exhibits a compelling construction. After reaching its all-time excessive in late March, the worth entered a interval of consolidation alongside a well-defined trendline. A number of touches on each assist and resistance zones have strengthened the setup, making a dependable buying and selling vary.
At present, CHEEMS is testing the day by day Quantity Weighted Common True Vary (VWATR) band, which has served as robust assist in latest weeks. If this degree holds, the asset might see one other transfer to the upside, with technical projections aiming for a 47% improve — concentrating on a worth zone close to $0.0000024284.
Nevertheless, a break beneath the VWATR band and the supporting trendline might set off a deeper correction. The following assist sits close to the 4-hour VWATR band, with a possible 12% transfer to the draw back. Merchants can capitalize on both course, particularly with shorting obtainable on platforms like MEXC.
Zooming out, the chart paints a bullish story. CHEEMS has constantly reached new highs, adopted by consolidation and additional climbs. It appears able to repeat that sample as soon as extra. Regardless of its meme coin standing, Cheems has carved out actual momentum and relevance available in the market.
The venture backs this development with a stable basis. The Cheems staff has secured partnerships with a number of centralized exchanges, rolled out options by way of Cheems Labs, and expanded into NFTs. This mix of meme tradition and utility has helped it achieve traction, with energetic growth persevering with to drive consideration.
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