🔍 CHZ Analysis – Fan Token Infra Bounce or Resistance Trap? 🔍
⚽ Chiliz (CHZ) is a fan engagement token powering sports and entertainment ecosystems. With rising volume and a clean breakout setup, traders are watching for continuation or rejection.
📈 Technical Analysis
- Short-term trend: Bullish
- Support: $0.0882
- Resistance: $0.1046
- Pattern: Breakout from descending wedge on 4H
- Volume: Increasing on green candles
- RSI: Elevated at 73
- Outlook: Bullish
📰 Market Data & News
- Price: $0.0964
- 24h Change: +5.2%
- No major headlines, but CHZ remains active in fan token launches, sports partnerships, and Socios platform integrations
🔄 Scenario Breakdown
- Bullish Case: Break above $0.1046 with volume could target $0.1122
- Bearish Case: Drop below $0.0882 may lead to $0.0814
- TP/SL Logic: TP at $0.1122 / SL at $0.0922
📊 Sentiment Meter
📈 Bullish Momentum – Breakout setup forming, rising volume
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
CHZ #TheCryptoMalik
