CHZ soars by 13% today as the FIFA World Cup 2022 draws closer

2022-11-18 23:46

CHZ has been the best performer amongst the top 50 cryptocurrencies by market cap over the last 24 hours.

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The broader cryptocurrency market has dipped by less than 1% today, following an excellent start to the week.

CHZ, the native token of the Chiliz ecosystem, is up by more than 13% in the last 24 hours, making it the best performer amongst the top 50 cryptocurrencies by market cap.

CHZ’s rally comes as the FIFA World Cup 2022 draws closers. Chiliz is a fan token and has gained popularity in the football world over the last few years. With the 2022 World Cup around the corner, CHZ’s adoption rate could surge. 

The positive performance comes as the broader crypto market is struggling. The total crypto market cap stands at around $839 billion, down by roughly 1% in the last 24 hours.

Bitcoin is still trading above $16k despite losing less than 1% of its value today. Ether is down by more than 2% and is now trading above $1,200 per coin.

Key levels to watch

The CHZ/USD 4-hour chart has turned bearish as Chiliz has been performing well over the past 24 hours. The technical indicators show that CHZ is outperforming the broader crypto market. 

CHZ/USDT Chart By TradingView 

 

The MACD line has crossed into the positive zone after rallying by more than 13% today, indicating that the bulls have taken over the CHZ market. 

The 14-day relative strength index of 60 shows that CHZ could be heading into the overbought region over the coming hours or days. 

At press time, CHZ is trading at $0,2322. If the rally continues, CHZ could surge past the first resistance level at $0.2717 before the end of the day.

However, CHZ would need the support of the broader cryptocurrency market to enable it to surpass the second major resistance level at $0.2960 in the near term. 

Where to buy Chiliz now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy CHZ with eToro today Disclaimer

Coinbase

Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

Buy CHZ with Coinbase today Disclaimer

The post CHZ soars by 13% today as the FIFA World Cup 2022 draws closer appeared first on CoinJournal.

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Chiliz (CHZ) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0625837
Капитализация $0 Rank 99999
Цена в час новости $ 0.2384 (-100%)

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