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Home/News Feed/Chiliz rallies 6% amid bullish signals but traders advised to wait for a better entry point.
CHZ
Rp298
-Rp2 -0.77%

Chiliz rallies 6% amid bullish signals but traders advised to wait for a better entry point.

Technical Signals
21 Apr 2026
AMBCrypto
View Source
Bullish
pluang ai news

Chiliz (CHZ) has gained over 6% in the last 24 hours, supported by increased speculative interest and a bullish price structure across timeframes. The altcoin has held key Fibonacci support levels and formed an inverted head and shoulders pattern, suggesting potential for further gains. However, volume indicators remain weak, and a recent sweep of short liquidations near $0.045-$0.048 could trigger a bearish reversal if Bitcoin momentum falters. Traders are advised to wait for a retracement to the $0.038-$0.04 range before buying to optimize risk and reward.

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Spain burns 1.16M fan tokens after World Cup quarter-final win, leading the tournament's token burn leaderboard.

Spain burns 1.16M fan tokens after World Cup quarter-final win, leading the tournament's token burn leaderboard.

Spain permanently removed 1.16 million SPAIN Fan Tokens from circulation following their World Cup quarter-final victory over Belgium, as part of Chiliz's Burn to Glory campaign. This burn, worth about $649,050, brings Spain's total token burn to nea...

Protocol Fundamentals
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