Chiliz (CHZ) has recently made headlines with a remarkable price surge, breaking free from a prolonged downtrend. The cryptocurrency's impressive 12% increase in just one day has traders and investors optimistic about its future performance, as enthusiastically stated in the publication.
Chiliz Breaks Out of Downtrending Channel
On January 20, 2026, Chiliz confirmed its breakout from a downtrending channel, marking a pivotal moment for the asset. This upward movement is bolstered by a bullish divergence on the Relative Strength Index (RSI), suggesting that the momentum is strongly in favor of buyers.
Analysts Set Target for CHZ Holders
Analysts are now eyeing a target of 170 Sats, which could signify further gains for CHZ holders. However, a short-term retest of the 50 Sats level is anticipated, which may provide a crucial support point before any potential rally.
As Chiliz (CHZ) experiences a significant price surge, the cryptocurrency market remains volatile, with SPX6900 testing a critical demand zone. For more details, see the full article here.
