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The Chiliz price has pumped almost 23% in the last 24 hours to trade at $0.106 as of 7:18 a.m. EST, with trading volume surging 345% to $244 million.
Chiliz Price Maintains Bullish Momentum With Breakout Patterns
The bulls look to be gaining control, with the Chiliz price breaking beyond the resistance level at $0.095, forming the cup and handle pattern, which normally indicates a continuation of the bullish trend.
The retracement in price at the resistance level allowed the bulls to surpass the pattern’s neckline, utilizing the $0.074 support as a launching point.
This breakout has established a sturdy support zone at $0.095, providing significant strength for the bulls.
The current Chiliz price shows a short-term reversal as it trades above its 50-day simple moving average (SMA). Chiliz’s 200-day moving average slows up, indicating a strong trend. Furthermore, the golden cross at $0.072 affirms the bullish momentum for the price of CHZ.
Currently trading near the overbought region at 68, the Relative Strength Index (RSI) indicates a gradual upward movement from the 30 oversold level and crossing the 50 midline level, indicating intense buying pressure.
Chiliz Price Remains Bullish, Bulls Target $0.13 Mark
Chiliz is experiencing bullish momentum. The bulls aim for a potential surge towards the $0.13 mark, the distance covered by the depth of the cup.
However, the bears could apply downward pressure in a corrective phase once the target is achieved. In this case, the $0.095 support zone will be a better regrouping landing spot in such a scenario.
As Chiliz continues to show promise, big players in the industry are accumulating Meme Kombat tokens (MK) before its official launch with experts saying it has the potential to 10X.
Meme Kombat Approaches $7 Million in Funding, Sets Sight on $8 Million Target
The Meme Kombat presale has secured over $6.9 million in funding as investors rush to bag the remaining tokens at a reduced rate of $0.279 before the presale hits its target soft cap of $8 million.
Currently, at stage 10, the presale aims to reach a hard cap of $10 million
We just want to shine a spotlight on some of the key points in the $MK presale:
➡️ We have a hard cap at $10 million. The next milestone in sight is $8 million as stated on the website.
➡️ We have reached Stage 10 in the presale which means that the price will be $0.279 until…
— Meme Kombat (@Meme_Kombat) January 16, 2024
Join Meme Kombat, Earn Passive Income
Meme Kombat is a gaming platform that rewards active betting and passive staking. It merges GameFi with meme characters, enabling players to engage in battles featuring their favorite memes.
Meme Kombat aims to be one of the premier fighting games on the market and especially in the web3 gaming space⚔️
Which is your favorite fighting game of all time? pic.twitter.com/zlbIjXz3AW
— Meme Kombat (@Meme_Kombat) January 14, 2024
You can participate in Season 1 of Kombat, where 11 memes compete to claim the title of the best. Players stand to earn significant rewards if their selected characters emerge victorious.
The platform is set to introduce Meme Kombat NFTs, which come with visually appealing designs. These NFTs assure substantial utility in MK Season 2, providing a unique blend of art and functionality.
Moreover, you can stake your obtained MK tokens, ensuring an annual percentage yield (APY) of 136%. More than 29 million tokens have been staked, accounting for 79% of the total from over 9,000 stakers.
4 hours until the price of $MK goes up to $0.268⏰
In the meantime, take a look at these MAJOR buys that came in over the last day🤩 One was a whopping $84k and the other $20k🎉 pic.twitter.com/tsGsvuPujG
— Meme Kombat (@Meme_Kombat) December 28, 2023
Austin Hilton, a crypto analyst and YouTuber, recently featured the Meme Kombat project, providing insights into purchasing and staking tokens for lucrative returns.
To buy MK tokens, visit the official Meme Kombat website, connect your Web 3 wallet, and exchange your ETH, USDT, or BNB for MK tokens.
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