CHZ token is trading in a bullish trend and glimpsing higher high swings for the past weeks. The price action resembles the bull accumulation and the investors’ willingness to raise the token toward $0.2000. The trend is intact and reveals follow-on buying action, which signifies the bulls’ dominance. Per the Fib retracement levels, the token has stayed above the 50% zone and is heading to the 61.8% zone.

On the daily charts, the Chilliz token (CHZ) price persisted in delivering a bullish rally and soared over 110% in the last three months. The technicals are reflecting the long buildup activity and are glimpsing a golden crossover on the charts. Afterward, the token continued to lift the gains and is witnessing a bounce from the demand zone of $0.07000.

The Momentum Indicator (RSI) curve floats in the overbought zone, signifying the positive outlook. Moreover, the MACD indicator shows a bullish crossover and suggests a continuation of the rally for the next sessions.

On the weekly charts, the token exhibited a rounding shape of recovery and has surpassed the significant moving averages depicting the buying momentum. Following the market surge, the CHZ token has gained strength and is replicating a massive bounce. The token has exceeded the $0.1500 with a strong volume and is glimpsing investor interest. CHZ token has moved out of the correction phase and may retain the bullishness.

Summary

The Chilliz token (CHZ) price reveals a sharp rally and has witnessed bullish momentum for the past weeks. Moreover, the token is riding on a bullish track and will reach the $0.2000 mark soon.

Technical Levels

Support Levels: $0.1420 and $0.1300

Resistance Levels:$0.1600 and $0.1700

#chz

Why Solana Can Hit Its ATH?
Solana has many features that help it keep its stand among the top cryptos in the market. Because of the two main reasons, its price has hiked right now, which will also play a significant role in pushing it to ATH. These are: –

Bullish Market Condition
Bitcoin is the most superior cryptocurrency in the world and is also moving towards its all-time high value at $69,000. Because of Bitcoin’s dominance, its current growth rate is also affecting the rest of the crypto market. It has impacted the prices of Solana along with the cryptos that are based on Solana, like BONK and WIF. BONK has surged by more than 40% in the last 24 hours whereas WIF has surged by 360% in a few days. Its impact is also visible in the Solana prices.

Solana’s Predominance In the NFT Sector
The one factor that distinguishes Solana from other crypto is its predominance in the Non-Fungible Token sector, where it has a transaction volume of $7.9 Billion. Solana’s user base is much more than its crypto, and being connected to NFTs, it has a greater authority or dominance in the industry. It would help Solana in attracting a broader user base and expand its position in the crypto market.

One more significant indication of SOL’s future success is the ‘Total Value Locked’ in the Solana Blockchain. Its TVL has reached its all-time high value since the 2022 data, which will have a powerful impact on the dApps market. It will lead to better price momentum, resulting in the new ATH value in the upcoming months.

Conclusion

The ongoing bullish market has shown its impact on the Solana native token SOL as well, where it has surged by more than 30% in the last few days. Solana is trading at its best value of the previous 22 months and is moving towards the ATH value of $260.06.

It depends on the market trends and the crypto volatility and how ahead it can move this time. Rest Solana does have the potential to cross its ATH if the market situation accompanies this crypto

#APENFT where are my apenft gone from spot