$CHZ As we enter the late month, multiple fundamental positive factors are being released simultaneously. Coupled with the stabilization of the market, CHZ is expected to initiate a rebound:
1. Peak season for sports events begins, Chiliz launches new fan tokens for top European clubs, boosting ecosystem traffic
2. February X platform AMA held, revealing progress on Layer2 expansion and cross-chain payments
3. Major whales' holding costs are concentrated between 0.045-0.05 USDT, and they may actively push prices up in the second half of the month to realize profits
• Rebound target: first target 0.053-0.055 USDT, after breaking through, look towards 0.060-0.064 USDT (previous high resistance zone)
• After a volume breakout above 0.064 USDT, the monthly extreme value may test 0.070-0.075 USDT
1. The market experiences a second bottom test, dragging CHZ below the strong support at 0.041 USDT
Major whales take short-term profits, triggering phased selling pressure
Sports IP collaborations fall short of expectations, ecosystem growth slows down
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$CHZ As we enter the late month, multiple fundamental positive factors are being released simultaneously. Coupled with the stabilization of the market, CHZ is expected to initiate a rebound:
1. Peak season for sports events begins, Chiliz launches new fan tokens for top European clubs, boosting ecosystem traffic
2. February X platform AMA held, revealing progress on Layer2 expansion and cross-chain payments
3. Major whales' holding costs are concentrated between 0.045-0.05 USDT, and they may actively push prices up in the second half of the month to realize profits
• Rebound target: first target 0.053-0.055 USDT, after breaking through, look towards 0.060-0.064 USDT (previous high resistance zone)
• After a volume breakout above 0.064 USDT, the monthly extreme value may test 0.070-0.075 USDT
1. The market experiences a second bottom test, dragging CHZ below the strong support at 0.041 USDT
Major whales take short-term profits, triggering phased selling pressure
Sports IP collaborations fall short of expectations, ecosystem growth slows down