Binance Completes Chiliz Fan Token Contract Migration
- Migration Completed: Binance has successfully migrated Chiliz fan tokens to the Chiliz Chain using the CAP20 standard, marking a significant infrastructure-level change for the platform that enhances user experience and improves token trading efficiency.
- Unified Technical Standard: CAP20 serves as the native token standard for Chiliz Chain, providing a unified contract format for all fan tokens, which not only simplifies token management but also strengthens Chiliz's competitive position in the sports and entertainment sectors.
- User Action Reminder: With the migration complete, Binance users should verify that their token balances have been updated to the new CAP20 contract addresses, ensuring that tokens held on other platforms or wallets have also undergone the necessary migration to avoid transaction failures.
- Alignment with Industry Trends: This migration reflects a broader trend of blockchain projects consolidating token infrastructure onto native chains, and Binance's involvement as a major exchange further propels the maturation and technical standardization of the fan token market.
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Technical Analysis for CHZ
Technical Sentiment Analysis for Chiliz (CHZ). As of , Chiliz (CHZ) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for CHZ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, CHZ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chiliz (CHZ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00865 | 0.0158 | 0.0231 | 0.0303 | 0.0376 | 0.0448 | 0.0521 |
| Fibonacci | 0.0158 | 0.0213 | 0.0248 | 0.0303 | 0.0358 | 0.0392 | 0.0448 |
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