$1000CHEEMS /USDT is currently trading at $0.001122 and has slipped to a 24h change of -9.66%, which clearly makes the market mood feel bearish. Due to being a meme coin, volatility remains high, but today's price action is showing a slow bleed pattern. The 24h low has touched $0.001120 and the buyer's ratio is only 47%, which makes the seller's pressure still seem dominant.
The most critical support on the chart is $0.001120 — if this level breaks, the next weakness could extend quickly. Resistance is creating tight pressure near $0.001136 (MA25), and the next hurdle is forming a heavy rejection zone at $0.001177 (MA99). If the price breaks $0.001136, a short-term target of $0.001145 – $0.001160 could see a quick move, but sentiment is still maintaining a downside bias. Meme coin scalp traders find it suitable only with a tight SL.
