Is holding Chiliz essential for investors to beat the bear market

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Is holding Chiliz [CHZ] essential for investors to beat the bear market

Evidently, the CHZ token has weathered the bearish storm and has come out on top.

CHZ revolved between the $0.245 resistance and $0.182 support for the past three weeks. After testing the $0.182 support line on 8 September, the price of the CHZ token rallied. The price has tested the $0.24 resistance multiple times and it remains to be seen if the resistance can be broken.At the time of writing, the RSI was at 58.64, thereby, indicating that the momentum was on the buyer’s side. The OBV showed some bullish signs as its overall direction was positive.

One of the reasons for the hike could be attributed to the massive growth the token witnessed in terms of Herein, the metrics saw a spike of +60.79% in its social mentions over the past month. And, an appreciation of 66.11% in social engagements. The surge in its social media presence could be attributed to CHZ’s multiple partnerships with different

 

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