CHZ has been the very best performer amongst the highest 50 cryptocurrencies by market cap over the past 24 hours.
The broader cryptocurrency market has dipped by lower than 1% right now, following a wonderful begin to the week.
CHZ, the native token of the Chiliz ecosystem, is up by greater than 13% within the final 24 hours, making it the very best performer amongst the highest 50 cryptocurrencies by market cap.
CHZ’s rally comes because the FIFA World Cup 2022 attracts closers. Chiliz is a fan token and has gained recognition within the soccer world over the previous few years. With the 2022 World Cup across the nook, CHZ’s adoption fee may surge.
The optimistic efficiency comes because the broader crypto market is struggling. The whole crypto market cap stands at round $839 billion, down by roughly 1% within the final 24 hours.
Bitcoin continues to be buying and selling above $16k regardless of dropping lower than 1% of its worth right now. Ether is down by greater than 2% and is now buying and selling above $1,200 per coin.
Key ranges to look at
The CHZ/USD 4-hour chart has turned bearish as Chiliz has been performing effectively over the previous 24 hours. The technical indicators present that CHZ is outperforming the broader crypto market.
The MACD line has crossed into the optimistic zone after rallying by greater than 13% right now, indicating that the bulls have taken over the CHZ market.
The 14-day relative energy index of 60 reveals that CHZ could possibly be heading into the overbought area over the approaching hours or days.
At press time, CHZ is buying and selling at $0,2322. If the rally continues, CHZ may surge previous the primary resistance degree at $0.2717 earlier than the tip of the day.
Nevertheless, CHZ would wish the assist of the broader cryptocurrency market to allow it to surpass the second main resistance degree at $0.2960 within the close to time period.
The place to purchase Chiliz now
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