ETH: Chiliz looks set for more gains 🚀
Key takeaways:
🔹 CHZ up 5% in last 24 hours, nearing $0.05 resistance.
🔹 Derivatives data shows bulls are in control now.
Chiliz outperforms the crypto market! Up by 5%, trading at $0.049. Momentum indicators suggest further rally ahead 💲
CoinGlass futures OI surged to $80 million, highest since Jan. Funding rates turned positive and stood at 0.0043%. Bullish long-to-short ratio climbed to 1.01.
The 4H chart is bullish as CHZ outperforms broader crypto market. Bulls eye resistance at $0.051 for a steady push towards $0.057, the Jan high. 📉
Should hold above $0.051, continue upward momentum. Support around $0.047 with key zones below. 🔗
Are you ready to join the bullish wave? 👇