Chiliz (CHZ) has recently seen a notable price rally, prompting analysts to predict a potential period of consolidation before it aims for higher resistance levels. The source reports that investors are closely monitoring key price points as the cryptocurrency navigates its market trajectory.
Resistance Levels for CHZ
The daily chart indicates that CHZ faces its first major resistance at 0.00650067 USDT. A decisive close above this level could pave the way for a further ascent towards 0.0075008 USDT.
Potential for Bullish Momentum
This target aligns with both higher timeframe resistance and measured move objectives, suggesting that bullish momentum could continue if the price breaks through these critical barriers.
Trader Recommendations
Traders are advised to keep an eye on market trends and volume as CHZ approaches these pivotal levels.
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