Why is Chiliz (CHZ) rising? Is the CHZ bull close?

What is Chiliz (CHZ)?

Chiliz is a blockchain technology-based platform designed for the sports and entertainment industry. The Chiliz platform was developed to provide greater interaction and participation between sports clubs and fans. CHZ token, Chiliz's main cryptocurrency, is used for various transactions on the platform.

Key Features of #Chiliz

1.Socios.com Platform: Chiliz's most well-known application is Socios.com. This platform allows fans to purchase official tokens of their favorite sports clubs and participate in the decisions of the clubs using these tokens. For example, fans of a football club can vote on issues such as the team's jersey design or stadium music.

2.Fan Tokens: There are fan tokens specially created for each club on Socios.com. These tokens allow fans to interact more with clubs. #Fan tokens can be bought, sold and traded through the Socios.com app.

3. Voting and Participation: Fan token holders can influence team decisions by participating in the voting organized by the clubs. This allows fans to form a deeper connection with clubs.

4.Rewards and Experiences: Socios.com offers various rewards and special experiences to token holders. For example, opportunities such as the chance to win match tickets, participation in #VIP events and meeting team players are offered.

5.CHZ Token: #CHZ token is the main cryptocurrency of the Chiliz ecosystem. It is used to purchase fan tokens and perform various transactions on the Socios.com platform. CHZ token is traded on many cryptocurrency exchanges.

#CHZ , which has gained upward momentum with the succession of positive news, has maintained a strong stance since testing $ 0.08410. The popular altcoin, which is approaching a critical resistance area with the recent upward movement, can target $0.17857 – 0.20446 – 0.23206 – 0.26547 and $0.29656 respectively if it stays above the $0.15260 – $0.16461 range. In an opposite scenario, the levels that can be followed as support are 0.12420 - 0.08410 and 0.06000 dollars, respectively.
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