Historically, the market tends to weaken in June and July. Currently, the only popular narrative remaining is the World Cup, which is only 24 days away from kickoff.

Ahead of the 2022 Qatar World Cup, $CHZ surged by 380%, but the rally collapsed immediately after the event started;
Now, with the 2026 World Cup approaching, CHZ is once again entering an upward trend. Can it replicate the explosive rally this time, or will it plunge again at the start?
Compared to previous years, the core difference is that in 2022, the rally was driven purely by fan token speculation, while in 2026, the focus has shifted to SportFi sports financial infrastructure:
1. Integrating LayerZero to enable cross-chain asset interoperability
2. Investing $100 million to expand into the North American market
3. Securing full compliance with Europe’s MiCA regulations to tap into a massive user market
Currently, CHZ is oscillating around the $0.044 range, with a 46% increase over the past month, and accumulation has been ongoing near June 11.
Whale holdings account for nearly 69%, which is positive for price support but also poses a risk of concentrated sell-offs; contract short-sentiment is relatively heavy.
Technical analysis shows a generally bullish outlook, with the price holding above the $0.041 Fibonacci support, forming cup-and-handle and descending wedge bullish patterns, with continuous capital inflow.
In the short term, a breakout above $0.05 could target $0.056.
The key weekly resistance remains near the major resistance zone around $0.14.