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Is it still necessary to hold $CHZ spot holdings? Will it keep falling all the way down?
Old K started advising fans to position in CHZ spot back in March, instructing them to reduce holdings when it reached 0.05 twice, then add more after it pulled back. Is there a chance CHZ will surge again now? This is a concern for many. Compared to the 2022 World Cup fan tokens, which also preheated early and then weakened after the tournament started, could this year be the same?
Previously, in the team group, I repeatedly emphasized that the resistance level above is around 0.050. If this level cannot be broken and it needs to retest the daily support level, which is around 0.040. But I personally believe that the CHZ market is not finished yet, and there should be another wave near the World Cup timeframe. As the leading token in the sports sector, with the World Cup approaching, it’s very likely that after this pullback, it will continue to rise again. When the World Cup truly arrives, it will be just an ordinary event.