🔥💥Critical period in Chiliz (CHZ): Will the rise continue?
#Chiliz (#CHZ ) has come to an important resistance area with its recent rise.
Chiliz (CHZ), one of the stars of the 2021 Bull, reminded itself with the latest price action. The popular coin, which has not been on the market for some time, has risen by 11.20 percent in the last 24 hours and placed its name in the fifth place in the list of “Most Rising Cryptocurrencies”. Both the approach to EURO2024, an important football event, and CHZ, which gives a bullish signal with the positive course of Bitcoin (BTC), may shake the sector again. What is the latest situation in the popular coin, which is currently trading in a difficult resistance area?
With EURO2024, the Chiliz (CHZ) craze can start!
The 2024 European Football Championship (EURO 2024) will start on June 18. EURO24, one of the big names of sports organizations, naturally brought Chiliz (CHZ) to mind. CHZ, which is the reflection of sports in the crypto industry, can catch a good trend accompanied by this important development.
If we consider that the market trend is also positive, upper levels can be targeted for the short/medium term price on behalf of CHZ.
CHZ, which threw a needle to $ 0.16387 with BTC testing $ 64,500, has not yet overcome this resistance. Looking at the weekly chart, CHZ, which is in the decision stage, can climb to the upper levels if it settles above the December of 0.15260 – 0.16387 dollars. Elements such as the fall of the BTC domimance or the start of the EURO2024 excitement will be doping to CHZ. In such a scenario, respectively 0,19090 – 0,23206 – 0,29656 and a move to $ 0.35224 can be expected.
Factors such as the inability of EURO2024 to create sufficient enthusiasm, the fact that BTC is sagging below $ 60,000 or the increase in BTC dominance will naturally create selling pressure in CHZ. In such a scenario, there may be decreases up to $ 0.12420 – 0.08410 and $ 0.0600, respectively.
