Chiliz (CHZ) has extended its bullish momentum, rising 17.11% to $0.04275 in the past 24 hours, amid a broader crypto market recovery. Trading volume surged over 360% to $177.20 million, indicating strong investor interest. The price is nearing a critical resistance at $0.0445, a level that has historically triggered reversals. A breakout above $0.0445 could propel CHZ to a potential 30% gain, reaching approximately $0.05786. However, the Average Directional Index (ADX) remains at 16.45, suggesting weak trend strength. Despite this, a crypto analyst highlights a breakout from a five-year descending trendline, predicting a possible tenfold rally. Data from CoinGlass shows bullish sentiment among both long-term holders and intraday traders, with significant token outflows from exchanges and leveraged positions indicating expectations of further price increases.