Time to Buy Chiliz (CHZ)? Analyst Sets Sights on $0.43

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	392,321,086,887	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

392,321,086,887

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	14.13	0.44%	3,261.27	3,261.27	3,261.28

Price Change

Price Change %

Current Price

Bid Price

Offer

14.13

0.44%

3,261.27

3,261.28

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,279.68	3,198.23	3,236.56	3,246.97	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,279.68

3,198.23

3,236.56

3,246.97

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:11:01	0.030668	3,261.27	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

16:11:01

0.030668

3,261.27

USD

Price x Volume	Volume	Base Symbol	Related Pairs
66,387,746.18	20,464.53	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

66,387,746.18

20,464.53

Time to Buy Chiliz (CHZ)? Analyst Sets Sights on $0.43

10/07/2024 3:53pm

NEWSBTC

With a strong mix of optimistic technical signs and a recent breakout from a downtrend, Chiliz (CHZ), the digital money driving the sports fan engagement website Socios.com, is creating buzz in the crypto market. Related Reading: Is This The Ethereum Endgame? Investors Pull $3 Billion From Exchanges CHZ Primed For Growth Reflecting a rising confidence among investors, CHZ has been on a consistent increase throughout the medium to long term. The way the token treats a significant resistance level of $0.16 accentuates this good attitude even more. A successful breach of this barrier could set off a buying frenzy that drives CHZ to far higher price points. Fueling the flames, trading pattern trends show a positive tilt. More trading volume amid price rises points to strong underlying demand for CHZ. This demand, together with the technical breakthrough, gives one hope that CHZ will see a large price increase. Renowned bitcoin specialist Alex Clay supports this perspective by pointing out a positive flag pattern on CHZ’s monthly chart. Often considered as a hint of major price fluctuations, this technical setup exactly corresponds with the recent breakthrough from the downtrend channel. #CHILIZ Monthly Timeframe Re-Accumulation below the top of descending channel in the form of Bullish Flag💁‍♂️ Now breaking out of this massive descending channel👀 Send it✈️ 🎯1st Target – 0.26620$ 🎯2nd Target – 0.43090$#CHZ $CHZ pic.twitter.com/nugbkBCNNQ — Alex Clay (@cryptclay) June 1, 2024 Clay has set various pricing targets; the first barrier is $0.2662, then the more ambitious second target is $0.4509. For Chiliz, the breaking out from the declining channel is a clear sign that the downtrend is ending and a fresh period of expansion is starting. Technical elements together with favourable market mood present a somewhat hopeful picture for the future of the token. Optimistic Yet Cautious Outlook For Chiliz, the near future seems promising; but, unanticipated price swings can happen and the currency may run across opposition at the specified pricing levels. Though there are certain possible obstacles, Chiliz’s general future is clearly bright. Chiliz is positioned for a possible price increase with a strong technical basis, high investor confidence, and recent breakthrough from a downturn. Related Reading: Notcoin Unstoppable! Token Soars Over 400%, Blazes New All-Time High High risk tolerance investors with a sharp eye on the sports fan engagement sector should monitor CHZ’s activities closely in the next weeks. Featured image from Getty Images, chart from TradingView

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