$CHZ (Chiliz) is the main token of the blockchain platform for the sports and entertainment sector, helping football clubs and eSports teams connect with fans through Fan Tokens. CHZ is seen as a bridge in building interactive blockchain applications for this sector, with strong support from many major teams.
Key Metrics:
Current Price: 0.0943 (+3.06%).
24h Range: 0.0896 - 0.0994.
Bollinger Bands: Price is near the upper band (UP: 0.0962), indicating strong buying pressure.
24h Trading Volume: 501.95M (CHZ), reflecting high liquidity and market interest.
90-Day Change: +43.60%, showing a strong recovery trend in the medium term.
Analysis:
The current price is maintaining above the Bollinger average (MB: 0.0934), indicating an upward trend remains dominant.
The nearest resistance is at 0.0994 (24h high), with important support at 0.0906.
Investment Advice:
1. If expecting price to rise:
Wait for the price to break through the resistance level of 0.0994 and confirm the upward trend before opening a buy order.
Set the next target in the range of 0.1050 - 0.1100.
2. Risk Management:
Place a stop-loss below the support level of 0.0906 to limit risk if the price reverses.
Consider taking partial profits if the price rises sharply to the target area.
Note: CHZ has undergone significant changes in tokenomics, so thorough research on the project (DYOR) is required before investing.
Hashtags: #CHZ #CryptoAnalysis #BlockchainSports #MarketTrend