Chiliz $CHZ ! IMPORTANT!Chiliz / TetherUSBINANCE:CHZUSDTItsNickHaze Chiliz (CHZ) Technical Analysis: Bullish Scenario and Key Levels Chiliz (CHZ) trades at approximately $0.0394 USDT, with a market cap around $360 million and 24-hour volume over $50 million. The token is down 1.4% in the last 24 hours but up 10% over the past day amid broader market recovery, though it's declined 15% monthly and 25% year-to-date. CHZ remains in a multi-year downtrend from its 2021 ATH of $0.877, but recent breakouts from descending patterns signal potential reversal, especially with fan token ecosystem growth in sports and esports. Sentiment on X is increasingly bullish, citing pennant breakouts and trendline breaks, though some note resistance hurdles. Fundamentals center on the Chiliz Chain for fan engagement tokens (e.g., Socios platform), with partnerships like FC Barcelona and UFC driving utility. High circulating supply (9.1 billion out of 8.8 billion total—post-burns) caps upside, but historical pumps (3,500% in 2021) highlight altseason potential if crypto rallies post-rate cuts. #### Overall Chart Structure and Technical Setup On daily/weekly charts (CHZ/USDT), CHZ has broken a downward trendline from summer highs, ending the corrective phase and forming a bullish pennant breakout. Volume is rising with bullish candles dominating near lows, suggesting accumulation. Indicators: RSI (14) at 45-50 (neutral, poised for bullish cross), MACD showing early divergence, and EMAs aligning bullishly above 50/100-day. Weekly reversal candle supports ending the 1,000+ day bear cycle. #### Bullish Scenario A hold above key support could spark a multi-wave rally on altcoin momentum or platform news (e.g., new fan tokens). Outlook: 1. **Short-Term Breakout (1-4 Weeks):** Consolidate at $0.038-$0.040, break $0.045 (EMA200) for 15-25% gains to $0.046-$0.048. Confirm with RSI >60 and volume spike. 2. **Medium-Term Rally (1-3 Months):** Clear $0.05 (major resistance) accelerates to $0.06-$0.08, a 50-100% move, mirroring 2021 patterns. 3. **Long-Term Bullish Wave (2025 Outlook):** Break $0.10 confirms full reversal, targeting $0.106 (conservative) or $0.63 in altseason—up 1,500%+. Optimistic end-2025 forecasts hit $0.042-$0.10, with risks from macro dips. #### Key Levels to Watch - **Support Levels:** - Immediate: $0.0376 (24h low) – Key hold for invalidation. - Major: $0.038-$0.040 – Demand zone; break risks $0.03 retest. - **Resistance Levels:** - Near-Term: $0.045 – EMA cluster; breakout ignites pump. - Intermediate: $0.05 – Psychological/former support; clear for $0.06. - Long-Term: $0.10 – Bull resumption trigger. #### Risks and Considerations Bullish if support holds, but high-risk from low liquidity and market volatility. Watch volume >20% average and news. Tight stops below support; scale on dips. Not financial advice—DYOR and manage risk.