Chiliz

World

Show

Captain

<p>The cryptocurrency Chiliz (CHZ) caught investors’ attention this past week after breaking out of a prolonged downtrend. According to expert analysts, the technical breakout could signal the start of a new bullish trend for the altcoin.</p>
<p>Leading crypto trader The Crypto Titan’s <a href="https://x.com/cryptotitans11/status/1760188387515138285?s=20" target="_blank" rel="noopener noreferrer nofollow">noted</a> on X that CHZ breached a multi-week descending price channel on the weekly time frame, tweeting “$CHZ is Breaking out from the Descending channel in the weekly timeframe.” The Crypto Titan’s set an initial price target 150% higher, stating “our first TP would provide us 150% ROI Planning for some Massive Returns.”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="539" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-792-1024x539.png" alt="" class="wp-image-441741" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-792.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-792-300x158.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-792-768x404.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-792-1536x809.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-792-2048x1078.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-792-285x150.png 285w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-792-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-792-665x350.png 665w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-792-788x414.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Echoing this bullish view, analyst World Of Charts <a href="https://x.com/WorldOfCharts1/status/1760237289983168931?s=20" target="_blank" rel="noopener noreferrer nofollow">tweeted</a> that CHZ has started its anticipated breakout, writing “$Chz Started As Expected Breakout Has Already Confirmed &amp; Running In 17% Profit So Far.” According to World of Charts, CHZ still has significant upside potential from current levels.</p>
<p>Similarly, analyst Captain Faibik <a href="https://x.com/CryptoFaibik/status/1760163863406973050?s=20" target="_blank" rel="noopener noreferrer nofollow">pointed</a> to the break from the descending channel, suggesting CHZ now looks poised for a “Massive Bullish Rally.” Captain Faibik had previously noted that CHZ looked extremely bullish leading up to the eventual breakout.</p>
<h2 class="wp-block-heading" id="strong-price-action-and-market-sentiment-strong"><strong>Price Action and Market Sentiment</strong></h2>
<p>As of this writing, CHZ trades around <a href="https://www.coingecko.com/en/coins/chiliz" target="_blank" rel="noopener noreferrer nofollow">$0.117</a>, up over 14% in the past week according to CoinGecko data. With CHZ appearing to commence a new uptrend after its technical breakout, analysts will be monitoring price action and momentum indicators closely in the coming weeks for signs of continuation.&nbsp;</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>The bullish forecasts by analysts suggest the altcoin could see its recovery rally extend substantially if the breakout sustains. Traders will be keeping a close watch on the nascent rebound.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/ethereum-will-likely-outrun-bitcoin-btc-this-week-analyst-forecasts-next-leg-up-for-eth/" target="_blank" rel="noopener noreferrer nofollow">‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH</a></li>
 <li><a href="https://captainaltcoin.com/japans-jasmycoin-price-soars-amid-whale-movements-can-jasmy-hit-new-ath-pay-attention-to-this-metric/" target="_blank" rel="noopener noreferrer nofollow">Japan’s Jasmycoin Price Soars Amid Whale Movements: Can JASMY Hit New ATH? Pay Attention To This Metric</a></li>
 <li><a href="https://captainaltcoin.com/blockdags-2-million-giveaway-and-5000x-rois-pull-in-investors-from-scapesmania-and-solana/" target="_blank" rel="noopener noreferrer nofollow">BlockDAG’s $2 Million Giveaway and 5000x ROIs Pull in Investors from ScapesMania and Solana</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/chiliz-chz-breaks-out-of-downtrend-as-analysts-eye-further-upside/" rel="noopener noreferrer nofollow">Chiliz (CHZ) Breaks Out of Downtrend as Analysts Eye Further Upside</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Chiliz (CHZ) Breaks Out of Downtrend as Analysts Eye Further Upside

Mục lục

CaptainAltcoin

Các bài viết khác được xuất bản trên 21 thg 2, 2024

Do Kwon’s extradition to US approved by Montenegro court

“Bitcoin Spot ETFs Were a Mistake,” Says Famous CEO, Explains Why

Ethena offers 27% on stablecoins but where is the yield coming from?

Bitcoin Surges to Record Levels in Super Holders' Wallets

BitRiver To Build New 100MW Crypto Mining Center In Russia

Litecoin (LTC) Hovers Above Two-Year Support – Will it Hold?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!