Haciyev Reşit 
In the crypto market, Chiliz (CHZ) recorded a sharp rally today, drawing strong attention from investors. The native token of Chiliz Chain — a sports and entertainment–focused Layer-1 blockchain — surged by around 24% intraday, reaching levels near $0.0376. This sudden price movement not only generated excitement among investors, but also prompted market observers and analysts to question what is driving the renewed demand for CHZ.
The rally highlights how recent developments within the Chiliz ecosystem and increased user activity can directly influence token demand. Analysts point particularly to DeFi innovations and exchange campaigns as key drivers behind the sharp rise in CHZ’s price. This trend suggests that Chiliz’s adoption across both the sports industry and the crypto community is expanding, while investor interest continues to grow.
DeFi Innovation Boosts Confidence
One of the main catalysts behind CHZ’s surge is a new DeFi upgrade on the network. Chiliz recently launched the Decentral Protocol, which enables football clubs to borrow stablecoins by using their future media and broadcasting revenues as collateral.
- A $1 million USDC pool has already gone live, offering an annual yield of 12%.
- Since CHZ is required for transaction fees and protocol usage, this DeFi activity has increased demand for the token.
- By directly linking the sports and crypto ecosystems, this development has strengthened investor confidence in Chiliz.
Exchange Campaign Increased Demand
Another major factor behind the sudden price spike was a trading campaign hosted on the MEXC exchange. The CHZ Frenzy event attracted more than 140,000 participants over the course of a month.
- Zero trading fees and CHZ holding rewards were offered.
- Futures bonuses of up to 2,500 USDT incentivized traders.
This campaign not only brought new investors into the market, but also significantly increased buying pressure on the token.
Sharp Surge in Trading Volume
Over the past 24 hours, CHZ trading volume jumped by 500%, reaching nearly $200 million. This dramatic increase signals strong buying interest and active participation across the market. When multiple buyers enter simultaneously, sellers are often forced to close positions quickly — pushing prices higher in a short period of time.
Experts note that this surge in volume reflects broad market participation, not just activity from a handful of large investors. While this increases volatility, it also supports short-term upside momentum for CHZ.
Chiliz Technical Price Outlook
From a technical perspective:
- CHZ is trading within a descending wedge pattern on the weekly chart — typically considered a bullish signal.
- The $0.035–$0.037 range is acting as a strong support zone.
- Historically, buyers have stepped in at these levels, preventing deeper declines.
If CHZ holds above this support and continues its upward move, the next key resistance lies near the upper boundary of the wedge. A breakout above this area could trigger a stronger and more sustained rally.
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