😱🚀🚀Why is Chiliz (CHZ) rising? Is the CHZ Bull close?

The latest situation in #Chiliz (#CHZ )

Chiliz, which started its activity a few days before the Champions League Final and EURO2024, made the face of fan token enthusiasts smile. $CHZ , which entered the list of the “most rising coins of the day” after a long break, recorded an increase of more than 10 percent in the last 24 hours.Dec. The positive course of the altcoin market and the popular coin, which takes the wind of fundamental analysis behind it, looks like it will make its name for a while longer. But what levels should be monitored in CHZ?

Chiliz (CHZ) Graphical Analysis

CHZ, which has gained bullish momentum with the succession of positive news, has been maintaining a strong stance since testing $ 0.08410. The popular altcoin, which is approaching a critical resistance area with its recent bullish movement, remains above the December range of $ 0.15260 – 0.16461, respectively. 0,17857 – 0,20446 – 0,23206 – 0,26547 and he can target $ 0.29656. In the opposite scenario, the levels that can be followed as support are 0.12420 – 0.08410 and 0.06000 dollars, respectively.

In which situations does Chiliz (CHZ) rise?

1. Market Demand and Adoption

One of the most important reasons for Chiliz's appreciation is the adoption and use of its platform and tokens by a wider audience. As the use of Chiliz increases, especially in the sports and entertainment sectors, the demand for tokens also increases.

2. New Partnerships and Agreements

Chiliz is especially known for his partnerships with sports teams and organizations. New agreements and collaborations increase the use of the platform and increase the value of the token. Agreements with major sports clubs and leagues increase the interest and demand for CHZ.

3. Product and Service Improvements

The development of the services and products offered by the Chiliz platform improves the user experience and attracts new users. In Particular Socios.com the addition of new features on its platform may increase the use of the token.

#altcoins