Chiliz (CHZ/USDT) Summary Analysis
•Support Zone: $0.0430 – $0.0610 USDT (strong demand area).
•Resistance Levels: $0.0704 → $0.0878 → $0.1111 → $0.1412 USDT.
•Trend: After a downtrend, there is a potential for recovery from support.
Scenarios:
Bullish: If CHZ holds above $0.0610 USDT, the first target is $0.0704 USDT, followed by $0.0878 and $0.1111 USDT.
Bearish: If CHZ falls below $0.0610 USDT, a drop to $0.0430 USDT is possible.
Neutral: Price may consolidate between $0.0610 – $0.0704 USDT.
Strategy:
Entry: Buy within the $0.0611 – $0.0500 USDT range, with a stop loss below $0.0430 USDT.
Sell: A close below $0.0610 USDT may accelerate the downtrend.
Conclusion: The $0.0610 USDT level is critical—if CHZ holds above it, a rally could follow.