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CHZ has been the greatest performer amongst the high 50 cryptocurrencies by market cap over the final 24 hours.
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The broader cryptocurrency market has dipped by lower than 1% today, following a wonderful begin to the week.
CHZ, the native token of the Chiliz ecosystem, is up by greater than 13% in the final 24 hours, making it the greatest performer amongst the high 50 cryptocurrencies by market cap.
CHZ’s rally comes as the FIFA World Cup 2022 draws closers. Chiliz is a fan token and has gained recognition in the soccer world over the previous couple of years. With the 2022 World Cup round the nook, CHZ’s adoption price might surge.
The constructive efficiency comes as the broader crypto market is struggling. The complete crypto market cap stands at round $839 billion, down by roughly 1% in the final 24 hours.
Bitcoin remains to be buying and selling above $16k regardless of dropping lower than 1% of its worth today. Ether is down by greater than 2% and is now buying and selling above $1,200 per coin.
Key ranges to observe
The CHZ/USD 4-hour chart has turned bearish as Chiliz has been performing nicely over the previous 24 hours. The technical indicators present that CHZ is outperforming the broader crypto market.
The MACD line has crossed into the constructive zone after rallying by greater than 13% today, indicating that the bulls have taken over the CHZ market.
The 14-day relative energy index of 60 reveals that CHZ may very well be heading into the overbought area over the coming hours or days.
At press time, CHZ is buying and selling at $0,2322. If the rally continues, CHZ might surge previous the first resistance stage at $0.2717 earlier than the finish of the day.
However, CHZ would want the help of the broader cryptocurrency market to allow it to surpass the second main resistance stage at $0.2960 in the close to time period.
Where to purchase Chiliz now
eToro
eToro affords a variety of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, study from, and replica or get copied by different customers.
Bitstamp
Bitstamp is a number one cryptocurrency change which affords buying and selling in fiat currencies or standard cryptocurrencies.
Bitstamp is a totally regulated firm which affords customers an intuitive interface, a excessive diploma of safety in your digital property, glorious buyer help and a number of withdrawal strategies.
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