Chiliz (CHZ) is poised for a substantial rally, according to crypto analyst Clifton. A recent analysis of the weekly trading chart reveals that CHZ has surged past the upper channel limit, signaling a bullish trend. The price moved downward within this channel, reflecting bearish sentiments.
However, a shift occurred, and the trend has taken an upward trajectory, pushing past resistance levels. This dynamic change suggests a promising future for CHZ, with a projected increase of 315.21%.
The target price is $0.44625, as the green projection box highlights, indicating potential 250-300% gains. This optimistic forecast emphasizes a significant market turnaround for Chiliz. At the time of writing, the Chiliz price is trading at $0.1458, with a slight decrease of 0.43%. However, CHZ has seen a more than 7% surge over the past week, indicating a bullish trend.
PYTH Network
In another development, crypto analyst Clifton recently highlighted an intriguing development in the Pyth Network (PYTH) trading pattern. Analysis from TradingView points towards a promising uptick in PYTH’s market activity. The asset has been charting through a descending channel, but recent trading sessions reveal a significant shift.
In the daily timeframe, an upside breakout has begun to take shape, sparking optimism for a bullish trajectory. This reversal signals a potential rise to the $0.6100 level, representing an increase of 42.15% from its current trading position. The PYTH price is at $0.4466, with a surge of 6% over the past day at press time.
PYTH has established a robust support foundation at $0.4000. There is a psychological barrier near $0.5000 that it must overcome to maintain its upward momentum. Market sentiment, alongside broader cryptocurrency dynamics, will play crucial roles in determining whether PYTH can sustain this breakout and capitalize on the ascending trend.
Litecoin Price Analysis
Litecoin (LTC) is currently displaying promising market behavior that suggests a possible shift in its recent downward trajectory. Over the last few days, LTC’s price dynamics have followed a descending pattern, yet recent developments point toward a potential reversal.
Clifton, a noted crypto and technical analyst, has observed an optimistic trend since early June, with Litecoin testing the upper limits of its established trading channel. Over the past 24 hours, The Litecoin price has surged 1%, trading at $83.89, forming a bullish trend.
FET Price Analysis
Fetch.ai (FET) has recently shown promising signs of a bullish reversal, according to crypto analyst Clifton. The FET/USDT pair demonstrated a downtrend, consistently recording lower highs and lower lows on the 4-hour chart.
Notably, the price surpassed the descending trendline that had previously restricted upward movement since late May. This breakthrough indicates a significant reversal, potentially heralding a prolonged period of bullish momentum.
Such a movement suggests optimism in the market, forecasting an upcoming robust upward trend for Fetch.ai.The FET price is at $2.16, with an increase of 1.54% in the past 24 hours during reporting.
