DeFi Tokens Reach All-Time Highs as Chiliz (CHZ) Looks to Follow

[EAA-ALLAH]

Chiliz (CHZ) has been increasing at a slow pace since the end of May. It is currently approaching the first of two major resistance levels, a breakout above which could trigger a sharp upward movement.Near Protocol (NEAR) is attempting to initiate a reversal at the previous all-time high level and has broken out from a short-term corrective pattern
While Terra (LUNA) reached an all-time high price on Oct 4, it has broken down from its structure, putting its bullish trend in doubt.CHZ
CHZ has been increasing alongside an ascending support line since May 23. As long as the support line is intact, the trend is bullish and increasing at the rate of the line.
The bullish trend is also supported by technical indicators, more specifically the MACD and RSI.
The MACD is increasing and has nearly crossed into positive territory. The indicator is created by a combination of short- and long-term moving averages (MA), and the reading means that the short-term trend is gaining on the long-term one, but has yet to surpass it. source