$1000CHEEMS
USDT Perpetual is under heavy pressure as bears stay in full control. Price is trading at 0.0004916, down 8.66% on the day, printing a fresh intraday low near 0.0004906 after failing to reclaim higher levels.
On the 15-minute chart, price remains below all key moving averages. MA(7) at 0.0004944, MA(25) at 0.0004984, and MA(99) at 0.0005187 are stacked bearishly, confirming a strong short-term downtrend. Every minor bounce is getting sold into, showing weak buyer confidence.
Volume spiked during the selloff, signaling active distribution rather than panic exhaustion. Recent candles show a brief consolidation attempt, but sellers quickly regained control, pushing price back toward the lower range.
Key levels to watch: Immediate support: 0.0004900 – a breakdown could open further downside. Intraday resistance: 0.0004970 – 0.0005050 zone. Major resistance: 0.0005180 where the long MA sits.
Market structure remains bearish unless price reclaims the 0.00050+ area with strong volume. Until then, momentum favors sellers and volatility remains elevated..
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