$CHZ This needle, Luo Luo sees opportunity, not panic


CHZ dropped down to 0.04000, touching as low as around 0.0413, with a significant fluctuation. Many people get scared when they see the drop, but Luo Luo's market watching feeling is—this is more like clearing out long leverage, or it will rally again
First, the World Cup countdown has begun
The 2026 FIFA World Cup kicks off on June 11, held in the United States, Canada, and Mexico, with less than a month and a half left. Before the 2022 Qatar World Cup, CHZ rose 380% in six weeks—from 0.15 to 0.72, and it was genuine fans buying in. Now CHZ is just over 0.04, a much worse position compared to back then
And on April 28, Chiliz announced the biggest architecture upgrade in history—
Expanding over 70 fan tokens to Solana and Base
This means that, previously, fan tokens could only be used on the Chiliz chain, but now users on Solana and Base can also buy directly, opening up liquidity instantly
Finally, the 0.04000 area, which was previously a strong support level, quickly rebounded after the dip, indicating there are buyers below
Luo Luo has already notified fans to enter long positions, around 0.041. The nephew set a stop-loss at 0.038, with an initial target of 0.050, and before the World Cup, it could reach 0.057-0.060
Luo Luo believes that the sports sector leader, if not positioned before the World Cup, will be late to chase after it starts
What do you all think about this coin?
CHZ-1.73%
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