Chiliz (CHZ) has surged 12% in a single day, breaking out of a long-standing downtrend on its BTC pair and setting its sights on a 170 Sats target. This marks the first confirmed weekly close outside its previous downward channel since 2022, signaling a significant shift in its price action. The Relative Strength Index (RSI) has reached its highest weekly level since 2021, supporting the bullish momentum. Crypto analyst Christian Ott highlights the potential for short-term cooling, suggesting a retest of the 50 Sats level before further upward movement. Despite this, the overall outlook remains bullish, with the breakout indicating potential for further gains. The market sentiment shift suggests Chiliz could be preparing for a larger rally in the coming months.
Chiliz (CHZ) Surges 12% as It Breaks Downtrend, Targets 170 Sats
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