🔷️ #CHZ has been trading within a descending parallel channel since 2021. The price is aiming to first break the falling trendline at the upper boundary of this channel. If it subsequently breaks the entire channel upwards, key resistance levels marked by yellow lines. will be the next targets for a potential uptrend.
📊 Technical Indicators:
MACD: Shows positive divergence, indicating potential momentum increase.
RSI: Trading above the 50 level, signaling buyer control.
Volume: Increasing volume supports a possible trend reversal.
$Chiliz ( $CHZ ): A blockchain-based digital currency focused on sports and entertainment sectors. It specializes in fan tokens and fan engagement, gaining popularity through partnerships with sports clubs. It is among the leading projects in the fan token ecosystem.
⚠️ This content is not investment advice. Please conduct your own research and analysis.
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