The cryptocurrency market has shown promising signs of strength today, with Bitcoin climbing 5% to trade around $42,000. This upward momentum has provided further tailwinds for altcoins like Chiliz (CHZ), which has surged 25% over the past month. With major partnerships and developments in the pipeline, Chiliz has risen as a top contender for the best crypto to buy now for investors looking to capitalize on the renewed optimism and buy the dip.Conflux Network (CFX) has also made strides by unveiling an EVM-compatible Bitcoin Layer 2 solution, sparking a 30% price uptick for the past week. Additionally, Optimism’s OP token has also shown resilience despite the bearish market trends for the past few weeks.Beyond established cryptos, up-and-coming crypto projects like Bitcoin Minetrix and Meme Kombat have been gaining traction in their presale phases. Their developments have intrigued many looking for early investment opportunities in the space.With cryptocurrencies like CHZ, CFX, and OP making moves alongside fresh players, the cryptocurrency market continues to progress. Staying informed on these trends can help identify the best crypto to buy now.Best Crypto to Buy Now in the NewsChiliz has made headlines with its aggressive expansion strategy and innovative developments on its blockchain platform. The CHZ token’s 18% weekly price gain, which marks a 7-month peak, is a response to a dynamic approach that includes a revamp of its tokenomics. The proposed changes involve a burn system, staking rewards, and the inclusion of external consultants to refine the economic model.Additionally, the integration with the Rarible Protocol is set to elevate the NFT marketplace on the Chiliz Chain. This integration will likely enhance digital collectibles and user engagement, contributing to the token’s growing appeal.Conflux Network’s CFX token experienced a 30% price increase following the January 18 announcement of an EVM-compatible Bitcoin Layer 2 solution. This approach combines Bitcoin’s store-of-value feature with Conflux’s Proof-of-Stake protocol, supporting Ethereum-based contracts. The mainnet launch is scheduled for May 2024, with a preceding testnet expected by the end of March.Optimism’s OP token saw a major 39.05% retracement from January 12 to January 23, declining after setting its year-to-date high. However, the past three days have shown signs of recovery, with the price up 18.58% from its recent low.With over 89% of holders remaining profitable despite the major retracement, Optimism retains substantial market depth, according to data from IntoTheBlock.While challenges persist in current conditions, OP’s ability to rebound off its recent low highlights its resilience. As the price looks to overcome immediate resistance, Optimism warrants consideration as investors seek crypto with recovery potential after steep sell-offs.For investors focused on new cryptocurrencies, projects like Bitcoin Minetrix and Meme Kombat have been gaining traction in their presale phases. Their developments have intrigued many looking for the best crypto to buy now and other early investment opportunities in the perpetually shifting crypto industry.CHZ Bulls Gain Momentum: Sets New 7-Month HighThe CHZ price has shown bullish momentum in recent days, bouncing back from consolidation to post gains. After ranging sideways for a week and forming an ascending triangle pattern, the CHZ price broke out to the upside yesterday with a 10.97% surge. CHZ built on this momentum today, setting a new 7-month high of $0.11637 earlier in the session.However, it appears selling pressure is substantial around immediate resistance levels. The CHZ price has pulled back from its intraday peak and is currently trading at $0.11001, although still up 2.13% so far today.The 20-day EMA for the CHZ price stands at $0.09473 while the 50-day EMA is at $0.08817. With the short-term EMA above the long-term EMA, this signals a bullish trend in motion. The widening gap between the EMAs shows buying momentum is accelerating for CHZ.The RSI has climbed to 62.75 from yesterday’s 61.55. This shows growing strength behind the uptrend as the CHZ price leaves oversold territory. The MACD histogram has also increased to 0.00170 from 0.00140, reflecting building bullish momentum.The CHZ price currently faces immediate resistance between $0.10836 and $0.11186. CHZ initially surged above this zone to its new 7-month high but heavy selling pressure has since forced the price back below resistance.On the downside, initial support lies between $0.10456 and $0.10582. Below this, the CHZ price has further horizontal support from $0.10195 to $0.10341. This zone aligns with the Fib 0.236 level at $0.10193, making it a critical support area to watch.With technicals signaling growing upward momentum but the CHZ price struggling to overcome resistance, the coin appears positioned for a breakout. A sustained move above $0.112 could see CHZ extend towards its next resistance around $0.125.Alternatively, rejection here risks a pullback towards the key support zone around $0.102. Traders may look to enter on a confirmed break above or below these levels.CFX Price Breakout: Positive Signals Point to Upside PotentialThe CFX price has shown promising signs of upward momentum in recent trading after consolidating between $0.1624 and $0.2361 for almost two months. With today’s 18.83% gain so far, the CFX price looks set to challenge crucial resistance levels that could determine its next major move.Technical indicators paint an increasingly bullish picture for the CFX price after crossing into overbought territory. The RSI has surged to 63.27, up sharply from yesterday’s 50.27 reading. This shows growing positive momentum. Meanwhile, the MACD histogram has turned positive at 0.0016, crossing above the prior day’s -0.0010 reading. This crossover often precedes further upside.As the CFX price pushes further past the $0.22 level, it faces immediate upside barriers. This includes the Fib 0.382 and 0.236 levels of $0.1968 and $0.2095, along with the current swing high resistance between $0.2218 and $0.2301 where the price is trading around currently. Clearing these levels could pave the way for an impulsive move up to the next resistance at $0.2407 to $0.2484.On the downside, initial support lies at the 20-day EMA of $0.1906 and the 50-day EMA of $0.1853. However, with today’s bullish price action, the Fib 0.382 and 0.236 levels of $0.1968 and $0.2095 could turn into new support zones.With the CFX price breaking out of its trading range, bulls seem to be regaining control. Sustained trading above $0.22 resistance would confirm the uptrend and open the door for a retest of $0.24. Cautious traders may wait for a pullback to the $0.20 area to get on board.#TradeNTell #TradeNTellView #binance