😱🚀🚀 Why is Chiliz (CHZ) Rising? Is the CHZ Bull Rally Near?
Latest Status at #Chiliz (#CHZ )
Chiliz, which started its activities a few days before the Champions League Final and EURO2024, made fan token enthusiasts happy. $CHZ, which entered the list of "highest rising coins of the day" after a long time, increased by more than 10% in the last 24 hours. With the positive trend in the altcoin market and the wind of fundamental analysis behind it, the popular coin seems to be making a name for itself for a while longer. But what are the levels to monitor in CHZ?
Chiliz (CHZ) Chart Analysis
CHZ, which gained upward momentum with the succession of positive news, has maintained its strong stance since testing $ 0.08410. The popular altcoin, which is approaching a critical resistance area with its recent upward move, remains above the December range of $0.15260 – $0.16461.
The levels it can target are 0.17857 – 0.20446 – 0.23206 – 0.26547 and 0.29656 dollars. In a reverse scenario, the levels that can be watched as support are determined as 0.12420 - 0.08410 and 0.06000 dollars.
In Which Situations Does Chiliz (CHZ) Increase?
Market Demand and Adoption
One of the key reasons why Chiliz is gaining value is the wider adoption and use of its platform and tokens. Increasing use of Chiliz, especially in the sports and entertainment sectors, also increases the demand for tokens.
New Partnerships and Agreements
Chiliz is particularly known for its 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 interest and demand for CHZ.
Product and Service Improvements
Improving the services and products offered by the Chiliz platform improves user experience and attracts new users. In particular, new features added to the Socios.com platform may increase token usage.
