The broader crypto market is fighting to maintain the bullish gains made over the weekend. BTC has retreated from $45K, and it is now at $43K, while ETH has retreated below its three-month high of $3000. These dips have affected the majority of altcoins, with most of them making slight losses.
Chiliz is trading at $0.29 at the time of writing after a 1% dip in the past 24 hours.
Chiliz Price Analysis
Chiliz is currently on a slight slump after making considerable gains in the past week. The current slump is attributed to a bearish sentiment across the broader market in the last 24 hours.
If the slump continues, we could see CHZ retest lower levels at $0.27. If bulls do not kick in at this level, CHZ could be headed to an even sharper decline to $0.20. Despite the ongoing dips, the overall market trend remains bullish; hence we could see CHZ pick up again.
If Chiliz resumes an uptrend, the altcoin will be headed towards breaking resistance at $0.32. Traders could rally up buying support at this price and push the altcoin to the June highs of above $0.36.
The Chiliz token has gained a strong reputation in the crypto market for being a fan token. Through the Socios platform, Chiliz has managed to onboard major soccer teams such as Juventus, Arsenal and Manchester United.
Recently, Leeds United, a leading soccer team, partnered with Chiliz to launch the LUFC fan token to boost engagements and issue rewards through Socios.com. The statement from Leeds also stated that by holding one LUFC fan token, a holder would have access to unlimited engagement opportunities on the Socios platform.
Where to Buy Chiliz
If you want to buy the CHZ token during the current dip, you can create an account on the following platforms:
One of the leading exchange platforms where you can buy CHZ is eToro. eToro is a social copy trading platform where a new trader can copy the strategies of a seasoned trader and increase their profitability chances. eToro also supports a wide range of cryptocurrencies and trading pairs.
The other leading cryptocurrency exchange where you can buy CHZ tokens is Binance. Binance is also a popular and renowned exchange platform. It charges low trading fees and supports user-friendly features. Binance is the largest cryptocurrency exchange; hence it offers high liquidity.
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