Latest Cheems (cheems.pet) (CHEEMS) Price Analysis

Deep Dive

1. Technical Rebound (Mixed Impact)

Overview: CHEEMS’ 4-hour RSI hit oversold levels (19.9) on 3 August 2025 (CoinMarketCap Community), signaling potential exhaustion of selling pressure. The price currently trades above its 30-day SMA ($0.0000011859) but below the 7-day SMA ($0.0000012239).

What this means: The bounce aligns with historical support near $0.00000118, where 78% of the circulating supply last changed hands. However, MACD remains bearish (histogram at -0.00000000095576), suggesting weak momentum.

What to look out for: Sustained closes above the 7-day SMA could signal trend reversal.

2. Meme-Driven Volatility (Neutral Impact)

Overview: Social activity spiked with 11 Cheems-related posts in July-August 2025, including viral memes like “Cheems is coded” (@LordCheems_bsc) and RSI alerts.

What this means: While engagement rose 38% month-over-month, most content lacked fundamental catalysts. Meme coins often see exaggerated moves from coordinated retail trading – CHEEMS’ 24h volume/supply ratio of 0.0146 confirms thin liquidity exacerbates swings.

3. Altcoin Season Tailwinds (Bullish Impact)

Overview: The Altcoin Season Index surged 48% in 30 days to 74, reflecting capital rotation into smaller caps. CHEEMS’ 2858% annual gain positions it as a high-beta play during risk-on phases.

What this means: With Bitcoin dominance flatlining at 57.78%, traders may be allocating to meme tokens for outsized returns. However, the global Fear & Greed Index (39/100) suggests caution prevails.

Conclusion

CHEEMS’ uptick appears driven by technical buying and meme-fueled speculation rather than fundamental developments, with low liquidity amplifying moves. Key watch: Can the price hold above the 30-day SMA ($0.00000118) to confirm bullish momentum, or will MACD weakness trigger another test of August lows?

Deep Dive

1. Technical Weakness (Bearish Impact)

Overview: CHEEMS trades below its 7-day SMA ($0.0000012369) and 200-day SMA ($0.0000013882), signaling bearish momentum. The 14-day RSI at 43.92 avoids oversold territory but shows weakening buying pressure.

What this means: Sustained trading below SMAs often triggers automated sell orders. While the MACD histogram turned positive (+0.0000000021477), bulls need a close above $0.0000012532 (23.6% Fibonacci retracement) to reverse the trend.

What to look out for: A break below the August 25 low of $0.0000010419 could accelerate selling.

2. Liquidity Drain (Mixed Impact)

Overview: Trading volume fell 18% to $3.18M, while open interest in derivatives dropped 27% on August 1 per CMC community data.

What this means: Thin markets magnify price swings – fewer buyers exacerbate dips. The turnover ratio (volume/market cap) of 1.45% signals lower liquidity than top cryptos (BTC: ~4-6%).

3. Narrative Fatigue (Bearish Impact)

Overview: No major news since the July 14 Cheems Foundation launch (@LordCheems_bsc). Recent tweets focus on memes/merch vs. product updates.

What this means: Memecoins often rely on hype cycles – stagnant development timelines can lead to profit-taking. The 365-day +2,819% gain leaves room for volatility as early holders rotate capital.

Conclusion

CHEEMS’ dip reflects technical headwinds and fading momentum post-Foundation hype, compounded by shallow liquidity. While oversold RSI levels on lower timeframes (29.4 on August 2) hint at bounce potential, traders await fresh catalysts.

Key watch: Can bulls defend the $0.00000104 Fibonacci swing low, or will thin markets trigger a breakdown?