Chiliz (CHZ) Price Falls 15% as FIFA World Cup Begins

Chiliz price fell nearly 15% on Sunday, trading at the $0.2100 level. Chiliz pricing was gearing up for a confrontation before the 2022 World Cup in Qatar. The leading blockchain and fintech provider for sports and entertainment tokens has made a strong rebound since the FTX collapse.

Since a break of support at $0.145, CHZ has been trending upward. However, it has dropped over 15% today and is now trading at $0.2100.

FIFA World Cup 2022

On November 20, 2022, the first ball will be kicked at the FIFA World Cup Qatar 2022. One of the largest sporting events in the world has 32 teams playing a total of 64 games. The coming month could be big for sport utility tokens like CHZ.

On the eve of the opening match between Qatar and Ecuador, Chiliz spiked 4% before giving back all of its gains and losing over 15% amid the liquidity problem hindering the cryptocurrency market’s revival.

The biggest unknown is whether or not the price of Chiliz will maintain a bullish view throughout the 2022 FIFA World Cup. On-chain observations suggest widespread excitement among the audience. In recent months, Chiliz (CHZ) and its ilk have seen a meteoric rise in media attention. An increase in Chiliz’s value may continue so long as interest in the initiative is significant.

Chiliz Price Drops 15% – Quick Technical Analysis

Technically, the CHZ/USD pair dropped to $0.2086 after failing to break above a major resistance level of $0.2840. A double-top pattern is extending this resistance level, which has triggered a downtrend in CHZ.

Chiliz is currently supported by the 50-day moving average at $0.1810. At the $0.1800 level, an upward trendline is supporting the coin. The RSI and MACD indicators are both in a buying zone, indicating the possibility of a bullish reversal. If the price of CHZ falls below $0.1810, it may continue to fall toward the next support level of $0.1445.

Because of the FTT collapse, the overall cryptocurrency market is down, but these three coins have good upside potential.

Dash 2 Trade (D2T)

Dash 2 Trade is a crypto signals platform developed by the Learn 2 Trade team. The platform provides the best insights, trading signals, and tools to help investors make profitable trades.

This Ethereum-based trading platform is powered by the D2T coin. This token’s presale raised more than $6.6 million.

After the presale, the project verified that it would be listed on LBank and BitMart exchanges. 1 D2T is now priced at $0.0513, with the price rising in stages to $0.0662 in the ninth and final steps.

RobotEra (TARO) Metaverse

RobotEra is a metaverse platform built on Ethereum. TARO is a sandbox-style metaverse in which players can take on the role of robots and participate in the creation of the virtual environment. This presale’s alpha version will be released in Q1 2023.

By participating in the presale, investors can become early investors in this initiative. The presale began a few days ago and has already raised more than $148,000. The presale is currently in stage one, with 1 TARO costing $0.020. In the second step, the price will rise to $0.025.

Calvaria (RIA) Play to Earn Game

Calvaria is a blockchain-gaming platform that aims to increase Web3 gaming acceptance among both crypto and non-crypto gamers. The barrier to admission for non-crypto players is a major impediment to the widespread adoption of Web3 games. Calvaria aims to address this by granting non-crypto players access to all game features.

The presale of Calvaria has entered its fourth phase and has raised over $1.8 million. The pre-sale is currently in its fourth phase and will end when it has raised $2.1 million

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