Chiliz (CHZ) is showing strong bullish momentum today, continuing its upward trend from the past month. The token has surged around 38% in the last 30 days, largely boosted by Binance's announcement of a PEPPER token airdrop, which is tied to CHZ holdings. This news has sparked increased demand for CHZ as investors position themselves to benefit from the airdrop, pushing the price beyond $0.0715, a key resistance level.
Technically, CHZ is performing well, with support from its 50-day and 100-day moving averages, and indicators remain largely bullish. The short-term outlook suggests a potential rise to $0.084, with sentiment in the broader market holding steady at neutral.
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