Does Chiliz hold the key for investors to beat the bear market

at the time of publication, CHZ where The only token that has seen a significant positive ROI in the past 7 days between Top 40 coins based on market cap. The coin is trading at $0.2272 at the time of writing, with a growth of 10.36% in the past week.

It is clear that the CHZ symbol survived the downward storm and came out on top.

CHZ has fluctuated between the $0.245 resistance and the $0.182 support over the past three weeks. After testing the $0.182 support line on September 8, the CHZ token price surged. The price tested the $0.24 resistance several times and it remains to be seen if the resistance can be broken.

Source: TradingView

At the time of writing, the RSI is at 58.64, indicating that the momentum was on the buyer’s side. OBV is showing some bullish signs as its overall trend is positive. However, the CMF index stabilized at -0.07. Suggesting that the cash flow was with the sellers.

One of the reasons for the rise can be attributed to the massive growth symbols seen in the figure Social commitment. In this, the stats have seen a +60.79% rise in social mentions in the last month. And a rating of 66.11% in social engagement.

The rise of its presence on social media can be attributed to CHZ’s multiple partnerships with various exchanges And cooperate with different football teams of Fan Codes.

Further, the volume repeated the same picture. From 250 million on September 15, the volume has increased to 887 million at the time of writing.

It also increased its market capitalization from 1.08 billion US dollars to 1.37 billion US dollars in the past four days. Both stories can be seen in the chart below.

Source: feeling

CHZ volatility has also decreased to 1.21. this is It can be seen as a positive sign for investors who are looking for a stable token to invest in.

making tags

Chiliz, make two big Messages On September 15th. The company invested $100 million in football club BArsenals digital investments.

It was their second announcement Higher Management Because they hired a group finance manager to run the business.

Both announcements sparked investor interest.

Although many factors favor the CHZ token, readers are advised to exercise caution before entering into a trade as the price of CHZ may be subject to massive fluctuations in the short term.

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