CHR -62.57% in 24 Hours Amid Sharp Price Declines

On SEP 1 2025, Cheer Holding (CHR) experienced a dramatic 62.57% drop in value over the last 24 hours, reaching $0.0948. This sharp correction was part of a broader trend, with the stock having plummeted 470% over the previous seven days, 62.57% over the last month, and an eye-catching 5904.6% over the past year. The rapid and steep decline highlights a deep-seated bearish momentum that has shown little sign of abating.

The price movement has drawn attention to the company’s fundamentals and broader market sentiment toward its sector. With no immediate catalysts for such a dramatic reversal being highlighted in the data available, the decline appears to be driven primarily by speculative pressure and broad market rotation away from high-risk assets. Analysts have noted that such volatility is not uncommon for securities with high beta profiles, but the magnitude of this drop suggests a possible structural shift or a loss of confidence among core investors.

Technical indicators have also shown a consistent bearish alignment. Key levels of support have been breached with minimal resistance, and the 20-day and 50-day moving averages have both fallen sharply to the downside. The Relative Strength Index (RSI) has moved into deeply oversold territory, a condition that typically precedes either a rebound or a continuation of the bearish trend. However, historical data suggests that the RSI alone cannot be a reliable signal in cases of high volatility and strong sentiment-driven moves.

The MACD (Moving Average Convergence Divergence) has also turned negative with a widening bearish divergence, reinforcing the likelihood of continued downward pressure in the near term. Traders are closely watching for signs of stabilizing volume or a retesting of key support levels as potential indicators of trend fatigue. However, given the current momentum, any bounce is likely to be short-lived and confined within the broader bearish trend.