CHZ, the native token of the Chiliz exchange, has shown an upward performance of nearly 40% in the last 7-day period. We reviewed the technical view of CHZ for you.
Why CHZ Is Rising
CHZ, one of the top-paying altcoins of the past bull season, Huge increase in 1 week It survived and rose to $0.22 levels. Since there are many fan tokens on Chiliz’s platform, it is thought that the token started to rise with the start of the leagues.
In addition, the Socios platform announced on its official Twitter account that the Brazilian football team Vasco da Gama’s fan token offering will take place on September 12. announced. It is estimated that Chiliz is on the rise, with many fan token offerings expected in the new season.
With the start of the leagues last season, many fan tokens experienced great rises. PSG Fan token in the process of PSG’s Messi transfer process for 60 dollars showed an upward performance. PSG Fan token, at time of writing for close to $9 watching.
CHZ, the native token of the Chiliz exchange, $0.16 seems to have “voluminously” broken the resistance found to levels. At the same time, the crypto currency, which is above its 200-day moving average, $0.333 It is thought that it can rise up to the resistance at the levels.
with broken resistance at 0.169 levels If it pulls back and does not close the day below, CHZ may show a bullish performance close to 100%.
Expected to work as support level of 0.169 if it is below CHZ, to $0.08 levels may decrease as much.
- The data contained in the content certainly does not contain investment advice.