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The Chiliz coin technical chart shows the cup and handle pattern formation. This bullish pattern is often spotted at the market bottom and assists buyers in extending their recovery to a greater height.
The crypto market has had a bearish run for the past 4 months and has been the reason behind many projects shutting their operations.
After the Standoff between CHZ/USD bears and bulls on the 13th and 14th of September, the market begins to skyrocket.
With the instability in the market, here are key tokens that are likely to define the market trend this week.
Chiliz (CHZ) is a blockchain technology company that aims to tokenize the sports and entertainment space. CHZ displaying enormous traction and uptick despite a bearish market Chiliz partners with giant sports organizations and teams CHZ price spikes by 6.21% as of press time Chiliz has ramped up on major developments and partnerships with giant sports organizations and teams all over the world.
This article is all about the top 5 cryptocurrencies that performed greatly in the last seven days. Let's take a look at it in more detail.
This week, the altcoins' price is in an uptrend but is facing challenges at their respective overhead resistance levels.
Chiliz' CHZ joined the list of the top best performing cryptocurrencies as the weekend rolled in. It managed to pull off a rally by as much as 8.3% in the last 24 hours.
Exceptionally good price performance of Chiliz has some suspicious signs
Bitcoin price started a consolidation phase after it dropped to $19,500. BTC is currently (11:00 UTC) trading above $19,500 and eyeing an upside break above $20,000. A clear move above the $20,000 resistance might send the price towards $20,450 in the near term.
The recent few months have been somewhat frustrating for Chiliz ($CHZ) and Zcash ($ZEC) coin holders. They have witnessed minor corrections but no major returns.
The protracted bearish market sentiment that has defined 2022 has obliterated the gains most cryptocurrencies made during the height of the industry reaching all-time highs across the board in 2021.
The brand-new, cutting-edge alternative investment platform Flasko (FLSK) gives crypto investors more excellent options for interaction and rewards within its ecosystem. In this very competitive market, will this new cryptocurrency venture succeed?
Despite weakness in the broader crypto market, both Chiliz and Cosmos have been turning in strong recent performances.
A trend that has become quite evident in recent times is that crypto projects with real-world utility perform much better in the market, as compared to others. Investors are also searching for projects that have real-world utility as they emerge as safer and more stable cryptocurrencies. Three cryptocurrencies – Symbol (XYM), Chiliz (CHZ), and Chronoly.
Bitcoin, ATOM, APE, CHZ and QNT are facing resistance at higher levels, but the chart patterns suggest that the current recovery may extend for a few more days.
The cryptocurrencies are in a sideways move as the altcoins fail to break their overhead resistance levels.
Chiliz (CHZ) Price Prediction – September 9Over a couple of trading days sessions back until the present, a correction has surfaced in the CHZ/USD market
Bitcoin is following its four-year cycle. The macro bottom will arrive in Q4, and following this, Bitcoin will begin a new rally. When Bitcoin moves to the upside, altcoins rally hard and fast.With Meta announcing that users can post NFTs from digital wallets, the digital asset space is witnessing mass adoption never seen before.
A closely followed analyst known for timely altcoin calls is updating his outlook on several crypto assets as the markets trade flat. The pseudonymous trader known as Altcoin Sherpa says he's looking to go short on fan token-focused crypto project Chiliz (CHZ) as the coin forms what he sees as a bearish set up.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
A well-known crypto analyst and trader has come up with his analysis for three of the most traded cryptocurrencies. The analyst who is anonymously known as Altcoin Sherpa, claims that at the moment, the world's first cryptocurrency, Bitcoin is in the accumulation zone and the currency could experience a major rally in upcoming weeks.
CHZ/USD may have started a ranging market as the price refuse to rise above the $0.2500000 resistance level.
Positive news helped certain altcoins buck the general downtrend.
