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The Chiliz price has surged 19% in the last 24 hours to trade at $0.1346 as of 7:18 p.m. EST on a 381% surge in trading volume to $265 million.
The spike seems to have been driven by news that Naver Pay, a popular mobile payment service, is teaming up with Chiliz, a sports and entertainment blockchain company, to enhance its global services using Web3 innovations.
The partnership will boost CHZ in the important South Korea market, where Naver Pay is used by the majority of the population. It has 33 million registered users and 18 million daily users in the country.
Together, they plan to accelerate the fan token ecosystem on the Chiliz Chain, develop exclusive ticketing and payment solutions, and host a variety of fan-focused events.
Chiliz Price Signals A Bullish Trend Reversal
The Chiliz price is showing a gradual uptrend after dropping from $0.1668, creating a strong support zone that allows buyers to regroup and regain any losses, according to GeckoTerminal data.
The Chiliz price reversal with bullish candles at the $0.1043 level has given buyers a chance to start a steady rally, pushing the price higher with the goal of reaching the March 13 high of $0.1672.
CHZUSDT Analysis. Source: Tradingview.com
The 50-day and 200-day simple moving averages (SMAs) are currently below the price, which confirms that upward momentum is on.
The Relative Strength Index (RSI) has been consolidating around the 50 midline level but is now showing signs of a rebound, currently sitting at 57. With increased momentum, the RSI could climb into the overbought zone, indicating intense buying pressure.
Furthermore, the MACD is signalling a bullish trend with the blue line crossing above the orange line, both positioned above the neutral level. The histogram also shows positive momentum above the neutral position, reinforcing this upward movement.
Chiliz Price Ready For An Upward Move
Meanwhile, Chiliz price bulls appear ready for a further upward move. With a strong support zone at $0.1043, the bulls have an opportunity to potentially push the price back up to $0.1672 in the coming weeks.
However, if bears regain control, they could force the bulls to retreat to the $1.1123 support level, coinciding with the 200 SMA.
The Best Alternative Gaming Crypto
Meanwhile, as the Chiliz price gears up for a bull rally, many investors are also socking cash into 5thScape (5SCAPE), which has raised over $6.25 million in presale.
We’ve reached $6.0M 🚀, VR is a Revolution and We $5Scape as a Community are the Trendsetters 🎉
Thanks to YOU, our awesome community! 🙌 💖
Get ready for next-level gaming adventures and VR Innovations as we embark on this exciting journey together! Let’s make magic happen… pic.twitter.com/RvUmUyU8ws
— 5th Scape (@5th_scape) May 21, 2024
5SCAPE is set to revolutionize the gaming industry by merging blockchain technology with virtual reality (VR), creating the first-ever AR/VR mixed-reality crypto platform. The team is dedicated to developing numerous VR games that will work seamlessly on popular VR headsets like Oculus Rift and Meta Quest 3.
🚀 Mixed Martial Arts fans, rejoice! Dive into the adrenaline-fueled world of MMA Cage Conquest by 5thScape on Meta!
Experience intense combat, immersive arenas, and strategic training.
Use code “5THSCAPESUBSCRIBER-80F935” for 99% off!
To thank our incredible community,… pic.twitter.com/kM3BEn48tP
— 5th Scape (@5th_scape) May 14, 2024
As part of the 5SCAPE ecosystem, token holders will have exclusive access to premium VR content and devices, including a proprietary VR headset and gaming chair.
A Chance For Passive Income
A staking system provides rewards that include in-game benefits, lifetime free access to the 5SCAPE ecosystem, early access to new VR content, and community interaction.
With the 5thScape play-to-earn feature, you can also earn passive income by playing Web3 games like MMA Cage Contest, Thrust Hunter, Immersive Kickoff, and Archery Master.
With 5SCAPE, step into a world where the only limit is your imagination. Here’s what awaits you:
Lifetime Free Access 🎁: Say goodbye to subscriptions! Enjoy a never-ending library of curated VR content that evolves with your tastes.
Exclusive In-Game Advantages 🔒: With… pic.twitter.com/AiPTd6NWer
— 5th Scape (@5th_scape) May 9, 2024
YouTube analyst Crypto Boy says that 5SCAPE has the potential to surge 100X upon its launch.
With the listing price fixed at $0.01, buying 5SCAPE tokens now for $0.00376 locks in profits of almost 166% before launch.
Buy 5SCAPE on the official website here using ETH, MATIC, USDT, or BNB.
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