#数字资产市场动态 CHZ today surged, with an 8.39% daily increase, currently quoted at 0.05929 USDT. Trading volume has reached 104 million, and holdings are also rising, now at 394 million — this is a good signal, indicating new money is entering the market, not just short-term traders rushing to close positions and dump.

From a technical perspective, support is at 0.05580, which is the lower boundary of the recent testing range, with relatively dense trading activity. Resistance is at 0.06250, with a previous rebound high above it, and Fibonacci levels also reach this point, making it quite challenging.

If the price can hold around 0.05580, it would be a left-side accumulation point, with a stop-loss set below 0.05400. Conversely, if volume supports a break above 0.06250 and it can hold, a right-side follow-up opportunity emerges, targeting the 0.06800 region.

CHZ is essentially a payment and incentive tool for sports and entertainment fan economies. In simple terms, it builds a sidechain infrastructure that allows clubs, musicians, and others to directly issue fan tokens. To use an analogy, it’s like a blockchain version of a fan membership card — after buying tokens, fans can vote, unlock exclusive content, and participate in fan interactions.

Regarding the token, the total supply is 8.88 billion, with approximately 7.1 billion in circulation, and a circulation rate of 80%. Its main uses are paying transaction fees, governance voting, and fan activities. Future unlocking pressure isn’t particularly heavy.

But honestly, the risks need to be clearly understood. The problem with CHZ is that its application scenarios are too limited, with a very strong cyclical dependence — heavily reliant on the hype of major events like the European Championship and the World Cup. Its competitiveness is not very deep, and it can easily be eroded by social platforms or payment systems with larger traffic. The long-term growth story remains uncertain, lacking a real breakthrough point.