chz

Chiliz (CHZ) posted a gain of more than 3% on Thursday, rebounding after two consecutive pullback sessions and continuing to defend its broader recovery structure. The move comes as on-chain data reveals a notable increase in whale accumulation, raising questions about whether a larger upside move could soon follow.
However, despite the improving sentiment, CHZ is now approaching a major technical resistance zone, an area that has repeatedly capped price advances since mid-2025. This creates a critical inflection point for both bulls and bears.
📊 Whale Accumulation Strengthens Ahead of World Cup 2026
During the 2022 FIFA World Cup, Chiliz experienced a surge in adoption driven by the launch of multiple official Fan Tokens and NFTs, significantly expanding its sports-focused blockchain ecosystem. As attention shifts toward the FIFA World Cup 2026, scheduled to take place in the United States in June, market participants are once again eyeing Chiliz as a potential beneficiary.
From an on-chain perspective, large holders continue to quietly accumulate CHZ despite the token recording a 48% decline last year, marking its fourth consecutive year of annual losses.
Wallets holding 100 million to 1 billion CHZ increased their share of total on-chain supply to 5.23%, up from 3.84% on January 1st.
Wallets holding more than 1 billion CHZ remain stable at 65.12%, signaling sustained long-term conviction from the largest players.
This pattern suggests strategic accumulation rather than short-term speculation, especially ahead of a major global sports event.
📈 Technical Outlook: CHZ Faces a Critical Decision Zone
CHZ is currently testing a key resistance at $0.04635, a level that has rejected price advances multiple times since late July. A confirmed daily close above this zone could open the door for a continuation rally toward the psychological $0.0500 level.
Bullish momentum is partially supported by moving averages:
The 50-day EMA has crossed above the 100-day EMA, forming a golden cross, typically a bullish short-term signal.
Price remains above key short-term averages, maintaining a constructive structure.
However, caution signals are emerging:
RSI (14) has cooled to around 66, moving away from overbought conditions, suggesting momentum may be slowing.
MACD is showing early signs of a potential bearish crossover, which could trigger short-term profit-taking.
If CHZ fails to break above resistance, dynamic supports are expected at:
$0.04031 (EMA 20)
$0.03825 (EMA 200)
A breakdown below these levels would weaken the current bullish setup.
🎯 Trade Setups (Educational Purposes Only)
🔵 Buy Setup (Breakout Strategy)
Buy Entry: Daily close above $0.04650
Take Profit 1: $0.0500
Take Profit 2: $0.0540
Stop Loss: $0.04320
➡ Suitable for momentum traders targeting a confirmed breakout.
🔴 Sell / Short Setup (Rejection Scenario)
Sell Entry: Rejection near $0.0460 – $0.0465
Take Profit 1: $0.0403
Take Profit 2: $0.0382
Stop Loss: $0.04850
➡ Suitable if bearish signals confirm with rejection candles or momentum divergence.
🔎 Final Thoughts
Chiliz is standing at a decisive technical crossroads. Whale accumulation and upcoming macro catalysts like World Cup 2026 provide a compelling long-term narrative, but short-term price action must still overcome heavy resistance. Traders should closely monitor volume, daily closes, and momentum indicators before committing to directional bias.
⚠️ Disclaimer:
This article is for informational and educational purposes only and reflects a personal market analysis. It does not constitute investment advice. Cryptocurrency markets are highly volatile. Always conduct your own research and manage risk appropriately. The author bears no responsibility for any investment decisions made based on this content.
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