Chiliz (CHZ), the first crypto money that comes to mind when it comes to sports, has attracted attention especially with the resumption of leagues all over the world.
While Bitcoin continues its indecisive movements, it has recorded a 12% rise in the last 24 hours. CHZcontinues its upward trend.
Looking at the CHZ chart, it is currently struggling with the most important resistance level at $0.2450. CHZ had previously re-started the uptrend by gaining strength from this support level and experienced a 150 percent acceleration.
Especially closings above this resistance can carry the price up to $0.2780.
The yellow trendline and $0.215 levels can be followed as support. With the loss of $0.215, a stop can be preferred.
On the other hand, the fact that there is a bowl formation on the chart does not go unnoticed. Because if this formation works, the target price of CHZ is $ 0.40.
Bitcoin’s Movements Are Crucial
With a 40 percent market dominance, Bitcoin dominates the entire market as it always has.
While BTC movements are very important for every altcoin, it is very important for CHZ’s movements that BTC does not fall sharply and does not lose the $ 20800 levels.
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