Let's talk about Fan Token $CHZ long-term outlook.

CHZ, when viewed on a monthly chart, has been consolidating at the bottom for about half a year. Currently, the three moving averages are almost aligned together. This kind of structure often indicates a waiting phase for a direction. Once volume increases, it could easily break out and trigger a trend reversal.

In the previous correction around 0.033, there was a whale repeatedly accumulating, with a significant scale. Up to now, there are no clear signs of distribution.

The fundamentals are also positive, with Dragon8's upgrade and buyback burn, which are good news. Structurally, the key levels are two: below, watch the daily EMA52. As long as this line holds, it indicates the overall situation is still under control. The critical level is 0.035. Above, look at 0.0423. Once it stabilizes above this level, the current oscillation range will be broken, and the upside potential will naturally open.

So, the current position is more like a phase that hasn't started yet but is already expected. The risk-reward ratio is decent.

However, I must emphasize that the overall liquidity in the Fan Token sector is poor. It's better to participate with small positions. I only bought 10k USDT worth of spot holdings.