Chiliz (CHZ) is down 5.3% to $0.1190 this week, following a second unsuccessful attempt to surpass the resistance at $0.1250. While this might suggest weakness, the token's trend of higher lows indicates a potential nearing breakthrough. This pattern suggests that CHZ could eventually overcome the resistance in the coming weeks.

The project continues to generate positive news, which supports its price. Recently, SBI Digital Asset Holdings formed a joint venture with Chiliz, granting the project access to a large fan base in Japan. This partnership could result in a significant influx of users to the Chiliz Chain, providing further support for the token's potential upside.