Chiliz, a cryptocurrency integral to the sports industry, made waves in 2021 as a prominent altcoin. During that time, CHZ soared to a peak of $0.89. However, due to a bear market, its value fell to $0.053. Since then, it has bounced back, surpassing $0.1 and forming a promising golden cross.

Golden Cross Significance for CHZ

A golden cross, a positive sign in the crypto market, happens when a short-term moving average crosses above a long-term one. This pattern emerged for CHZ recently, suggesting a possible price increase. For the latest updates in finance and business, visit COINTURK FINANCE.

UEFA Euro 2024’s Potential Influence on CHZ

Currently, CHZ, a sports-centric altcoin, is valued at $0.15, marking a remarkable 25% rise over the past week. Key events in sports significantly impact this cryptocurrency, with its value often climbing ahead of major sports events.

The upcoming UEFA Euro 2024 might lead to increased interest and activity in CHZ. However, investors should be cautious as the excitement may fade after the event concludes.

Current Technical Indicators for CHZ

Technical indicators reveal that the RSI stands at 51, a neutral zone indicating no strong buy or sell signals. The MACD shows the MACD line above the signal line, hinting at continued growth for CHZ. The next target is $0.165, although Bitcoin’s potential downturn could pose a challenge.

In conclusion, Chiliz Coin’s recent performance and upcoming sports events suggest it could see further growth. However, investors should stay vigilant and be mindful of potential market fluctuations.