🌶️CHZ/USD👀

✔️ When examined on the weekly chart of $CHZ , the token of the Chiliz Fan Token exchange, it is seen that the price of CHZ remains very cheap against both BTC and Altcoin markets, although we are currently experiencing a bull rally. The biggest reason for this was that money changed hands in AI, Meme and DeFi coins in the #altcoin market in recent months. Despite everything, this cheapness will of course not continue forever, as there will be a day when every crypto asset will rise, CHZ and other #fantoken markets will also have their turn.

✔️ When we examine CHZ, we see that the price has formed a triangle formation on the weekly chart and the price has been testing the falling trend resistance of this formation from time to time, especially in the last month. We do not know when the price will break this falling trend, but we can see parabolic increases in CHZ and other Fan Tokens with #EURO2024 , which will start on June 14, 2024.

✔️ Another important data for price analysis is Market Cap data. As I write this article, CHZ's market cap is at $1.25B and as seen on the chart, the highest level in the 2021 bull is $3.6B. If CHZ had reached this market value even today, it would be one of the top 40 most valuable crypto assets, which shows us that in the coming months, CHZ and the Fan Token market will most likely please those who made their investments early with EURO 2024. I showed the resistance levels on the chart so that we can predict where the price will go when the expected rise comes.

✔️ If CHZ achieves its expected rise, other Fan Tokens such as $BAR and $PSG will be more volatile but will most likely make more money for long-term investors compared to CHZ. That's why long-term risk management, gradual purchases and not investing in a single coin are very important for us investors!

❗️NOTE: The parity whose chart I shared is CHZ/USD, and past and future price movements may differ for stable coins such as USDT. Please keep this in mind as you examine the chart.

❗️ What I write here is my own opinion and is not investment advice. #dyor