![Chiliz [CHZ]: A change in market structure, cautiously bullish traders, and…](https://i.newsformal.com/images/2022/10/28/cryptoamb/chiliz-chz-a-change-in-market-structure-cautiously-chiliz-chz-a-change-in-market-structure-cautiously-1585822409256468480.webp)
Over the past week, CHZ saw a break in market structure to the bullish side. However, at press time, it faced significant resistance near the $0.2-mark.In cyan, a bullish order block from mid-September was highlighted. In recent weeks, the price threatened to break under this zone. However, there seemed to be ready buyers at the $0.16-mark. The bounce from that level saw the RSI slowly pull itself back above the neutral 50-line. This showed bullish momentum in recent days.
One concern for the bulls is the slightly diminished trading volume over the past couple of days when the move upward occurred. Is this a sign that buyers have already run out of steam?