CHZ/USDT (Chiliz)
Sector: Layer 1, Sports
Market Cap: $1.15B
Chiliz is one of the most popular blockchain for sports-related projects, with the official Fan Tokens of many soccer clubs hosted on the Chiliz Chain.
Its token, the CHZ, attracted many investors in the last cycle and established a remarkable performance.
Although its price currently stands at -85% of its ATH, we can observe an accumulation and the formation of a potential reversal structure, as well as a long-term compression structure between a downtrend line in effect from the ATH and an uptrend line acting as a support from the bottom established in October 2023.
We're surely still in a very good buying zone, with a first sales target around $0.3, and the possibility of a trend continuation if we form a bullish structure around this level, with sales targets much higher.
Sector: Layer 1, Sports
Market Cap: $1.15B
Chiliz is one of the most popular blockchain for sports-related projects, with the official Fan Tokens of many soccer clubs hosted on the Chiliz Chain.
Its token, the CHZ, attracted many investors in the last cycle and established a remarkable performance.
Although its price currently stands at -85% of its ATH, we can observe an accumulation and the formation of a potential reversal structure, as well as a long-term compression structure between a downtrend line in effect from the ATH and an uptrend line acting as a support from the bottom established in October 2023.
We're surely still in a very good buying zone, with a first sales target around $0.3, and the possibility of a trend continuation if we form a bullish structure around this level, with sales targets much higher.
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