CHZ/USDT — Bullish Move Meets Supply Pressure

Chiliz just delivered what traders have been waiting for. The coin punched through previous resistance levels with serious conviction, signaling a return of buying interest. But here's where it gets interesting—price has now entered a zone where supply typically overwhelms demand. This is the critical juncture.

The aggressive impulsive move looks clean, no doubt. However, the real test starts now. Heavy supply zones aren't just random price levels; they're where institutional sellers and profit-takers historically step in. Watch how CHZ handles this resistance. A clean break above would validate the bullish narrative. A rejection? That could trigger volatility, and fast.

For traders monitoring this pair, it's a moment to stay sharp. The momentum is there, but the headwinds are real. Position size accordingly, and keep stops tight if you're playing the breakout.