Chiliz Is Set to Surpass $0.0500
Chiliz (CHZ) is up 9.0% this week to $0.0490, outperforming the broader crypto market, where Bitcoin (BTC) is rising by 3.2% to $87,870. The token has tested the $0.0500 support level twice in February before slipping below it in March. Prices hit a low of $0.03872 on March 11 but have since started recovering, driven by the Federal Reserve’s monetary easing.
Despite the lack of fundamental catalysts from the project itself, CHZ is benefiting from overall market momentum. If Bitcoin continues its upward trajectory—a baseline scenario—a breakout above $0.0500 appears likely. In that case, the token could target $0.0750 in the near term.
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