CHZ Primed For Growth<\/strong><\/h2>\nReflecting 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 $0.16 accentuates this good attitude even more.<\/span> A successful breach of this barrier could set off a buying frenzy that drives CHZ to far higher price points.
\n<\/span><\/p>\nFueling the flames, trading pattern trends show a positive tilt. More trading volume amid price rises points to strong underlying demand for CHZ.<\/span> This demand, together with the technical breakthrough, gives one hope that CHZ will see a large price increase.
\n<\/span><\/p>\nRenowned bitcoin specialist Alex Clay supports this perspective by pointing out a positive flag pattern on CHZ’s monthly chart. Often considered as a hint of major price fluctuations, this technical setup exactly corresponds with the recent breakthrough from the downtrend channel.<\/span>
\n<\/span><\/p>\n\n#CHILIZ<\/a> Monthly Timeframe<\/p>\nRe-Accumulation below the top of descending channel in the form of Bullish Flag\ud83d\udc81\u200d\u2642\ufe0f<\/p>\n
Now breaking out of this massive descending channel\ud83d\udc40<\/p>\n
Send it\u2708\ufe0f<\/p>\n
\ud83c\udfaf1st Target – 0.26620$
\n\ud83c\udfaf2nd Target – 0.43090$#CHZ<\/a> $CHZ<\/a> pic.twitter.com\/nugbkBCNNQ<\/a><\/p>\n\u2014 Alex Clay (@cryptclay) June 1, 2024<\/a><\/p><\/blockquote>\nClay has set various pricing targets; the first barrier is $0.2662, then the more ambitious second target is $0.4509.<\/span> 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.
\n<\/span><\/p>\nTechnical elements together with favourable market mood present a somewhat hopeful picture for the future of the token.<\/span>
\n<\/span><\/p>\n\n\n\n\n![](\"https:\/\/www.tradingview.com\/x\/X2DGnRtU\/\")
Chiliz is currently trading at $0.14. Chart: TradingView<\/a><\/figcaption><\/figure>\nOptimistic Yet Cautious Outlook<\/strong><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Fueling the flames, trading pattern trends show a positive tilt. More trading volume amid price rises points to strong underlying demand for CHZ.<\/span> This demand, together with the technical breakthrough, gives one hope that CHZ will see a large price increase. Renowned bitcoin specialist Alex Clay supports this perspective by pointing out a positive flag pattern on CHZ’s monthly chart. Often considered as a hint of major price fluctuations, this technical setup exactly corresponds with the recent breakthrough from the downtrend channel.<\/span> #CHILIZ<\/a> Monthly Timeframe<\/p>\n Re-Accumulation below the top of descending channel in the form of Bullish Flag\ud83d\udc81\u200d\u2642\ufe0f<\/p>\n Now breaking out of this massive descending channel\ud83d\udc40<\/p>\n Send it\u2708\ufe0f<\/p>\n \ud83c\udfaf1st Target – 0.26620$ \u2014 Alex Clay (@cryptclay) June 1, 2024<\/a><\/p><\/blockquote>\n Clay has set various pricing targets; the first barrier is $0.2662, then the more ambitious second target is $0.4509.<\/span> For Chiliz, the breaking out from the declining channel is a clear sign that the downtrend is ending and a fresh period of expansion is starting. Technical elements together with favourable market mood present a somewhat hopeful picture for the future of the token.<\/span>
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\n\ud83c\udfaf2nd Target – 0.43090$#CHZ<\/a> $CHZ<\/a> pic.twitter.com\/nugbkBCNNQ<\/a><\/p>\n
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\n<\/span><\/p>\nOptimistic Yet Cautious Outlook<\/strong><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n