Chiliz (CHZ) is the world’s first blockchain-based fan interaction and rewards network, Socios.com, and is the premier digital currency for sports and entertainment.
Fans can buy and sell branded Fan Tokens, as well as participate in, influence, and vote in club-related surveys and polls. The goal of the company is to close the gap between active and passive fans. It delivers a Fan Token to millions of sports fans, which works as a tokenized share of influence. Sports and entertainment organizations can use Socios.com’s branded Fan Token and fan engagement platform to better engage and monetize their worldwide fans. FC Barcelona, Juventus, AC Milan, OG, Paris Saint-Germain, Manchester City, and the professional Fighters League are among the 25 prominent sports/esports organizations that have launched Fan Tokens on the site. Let us review the CHZ price
CHZ Price Prediction
Bullish Scenario: If CHZ manages to break above the resistance level at $0.25 then it would be bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $0.32 and $0.38. Breaking above $0.38 price level with significant buying volume will lead to a good chance of crossing above $0.59.
Bearish Scenario: CHZ has been in a downtrend channel since the last few weeks. However, if the $0.18 support level is not maintained, the price will fall to $0.12, $0.07 and even lower sooner or later.
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