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The Cheems Token price has surged 5,401% in month and by more than 49% in the last 24 hours to trade at $0.000000366 as of 7:06 a.m. EST as investors FOMO buy the meme coin.
CHEEMS has also soared 161%in the last week to hit a market capitalization of almost $78 million.
The Cheems Token Price Supported By A Positive Trendline
4-hour chart for CHEEMS/USD (Source: GeckoTerminal)
The Cheems token price has been in a positive sequence throughout the last 48 hours, resulting in the emergence of a positive trend line. Now, CHEEMS is attempting to establish a position above the $0.0000003625 resistance. Should the crypto succeed in flipping this barrier into support, it could continue to climb to the next major mark at $0.0000004284.
However, traders opting to take profit in the next 12 hours might bring an end to the meme coin’s positive momentum. In this alternative scenario, the Cheems token price could end up falling down to the $0.0000002820 support.
The $0.0000002820 price point will be a key level to watch, because it also coincides with the positive trendline. Therefore, a break below this point might confirm a bearish change in the meme coin’s trend. Sellers could then capitalize on this momentum shift to push the Cheems token price down to $0.0000002124.
Cheems Token Price Starting To Lose Some Of Its Bullish Strength
Indicators on the crypto’s 4-hour chart warn of an upcoming pullback by the Cheems price. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show early signs of waning bullish pressure and momentum.
RSI readings have started to level off in the low 80s. This not only suggests CHEEMS is currently overbought, which is a classic sell signal, but that buyers are slowly starting to exit the crypto’s charts as well.
Similarly, MACD Histogram values have also stopped climbing. With the current alignment of the MACD line above the MACD Signal line, CHEEMS seems to still be in a positive trend. However, the neutral slope of the MACD Histogram bars warns that the meme coin’s bullish cycle might be nearing its end.
The bullish momentum around the Cheems token price might be easing, but the opposite is true for meme coin rival Crypto All-Stars (STARS) as investors pile into its presale.
A Single Platform Offering Meme Coin Lovers Unprecedented Staking Rewards
Crypto All-Stars (STARS) enables investors to earn passive staking rewards by locking up top meme coins on a single platform.
With its MemeVault offering, Crypto All-Stars lets holders of popular tokens such as DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO earn staking rewards.
All of these rewards will be paid out in STARS. By rewarding investors with its native token STARS, Crypto All-Stars also gives meme coin lovers a rare opportunity to generate compounded returns. This is because anyone who stakes STARS now will gain access to a huge 615% APY.
Popular YouTuber ClayBro, who boasts 170K subscribers, predicted that STARS could soar as much as 26X after its launch.
Investors Rush To Buy STARS At ICO Prices
Crypto All-Stars has been a big hit with investors during its ongoing presale stage, with over $2.43 million raised so far. In recent weeks, there have also been purchases by crypto whale investors, signaling strong investor confidence in the project’s future.
With the 615% APY linked to STARS at this early stage, it’s easy to see why a frenzy has erupted around the young meme coin. To unlock these rewards and start earning, investors will first need to acquire the token using the simple buy widget embedded on the project’s website.
STARS can be purchased with meme coins FLOKI, SHIB, DOGE and PEPE, as well as USDT, ETH, BNB or bank cards.
Once purchased, the STARS tokens can then be locked up through the staking page on the website for investors to start earning the passive rewards.
Buyers looking to lock in the best rate will want to act quickly because the token’s price will increase as its ICO progresses. The next price hike will come in less than 2 days.
Buy STARS on the official website here.
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