Chiliz Eyes $0.05 as On-Chain Data and Parallel Channel Confirm Bullish Setup
BeInCrypto
Chiliz (CHZ) shows bullish signals as it targets the $0.050 resistance level supported by positive technical indicators and low exchange inflows.Summary
Chiliz (CHZ) has surged 14.7%, trading at $0.0429, supported by a convergence of technical indicators and on-chain data. The asset recently broke above its 20 and 50-period moving averages, with a four-hour ascending channel pointing toward a near-term target of $0.046. Furthermore, minimal exchange inflows and cautious whale activity suggest organic accumulation, positioning the token for a potential test of the critical $0.050 to $0.052 resistance zone.
(Source：BeInCrypto)