Chiliz Price Prediction for Today, January 21 – CHZ Technical Analysis

Updated: 21 January 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The Chiliz price prediction reveals that CHZ is moving bullishly with a gain of 11.91%, as the coin prepares to cross above the channel.

Chiliz Prediction Statistics Data:

Chiliz price now – $0.100
Chiliz market cap – $910.5 million
Chiliz circulating supply – 8.8 billion
Chiliz total supply – 8.8 billion
Chiliz Coinmarketcap ranking – #60

CHZ/USD Market

Key Levels:

Resistance levels: $0.120, $0.130, $0.140

Support levels: $0.075, $0.065, $0.055

Chiliz Price Prediction for Today, January 21 – CHZ Technical Analysis — CHZUSD – Daily Chart

CHZ/USD is heading toward the upper boundary of the channel as the coin prepares for the upside with a gain of 11.91%. According to the daily chart, the candle formation may continue to respect the upward movement but retreating below the moving averages might position the market price toward the south while the closest support level could be located around the $0.088 level.

Chiliz Price Prediction: Chiliz Price May Spike to the Upside

The Chiliz price is heading to the upside as an increase above the moving averages could trigger intense buying to the resistance levels of $0.120, $0.130, and $0.140. On the contrary, the Chiliz price may likely hold the current market value at $0.100 before heading to the nearest support level of $0.090. Therefore, if the Chiliz price drops below this support level, it may likely hit the closest support at $0.080.

Meanwhile, the critical support after this could be located around $0.075, $0.065, and $0.055 levels if the selling volume keeps increasing. However, the 9-day moving average remains above the 21-day moving average which reveals that the market may gain more upwards if the bulls increase the pressure.

CHZ/BTC Trades Bullishly

Against Bitcoin, the Chiliz price is rising above the 9-day and 21-day moving averages. Meanwhile, if the coin slides below the moving averages, the nearest level of support could be at 180 SAT and below as the bears may return to the market.

Looking at the upside; if the coin crosses above the upper boundary of the channel, the nearest resistance level could be located at 260 SAT. Therefore, if the price rises further to create a new high, higher resistance could be found at 175 SAT and below. Meanwhile, if the 9-day MA crosses below the 21-day MA, this could mean that the market may follow the downside.

Alternatives to Chiliz

The Chiliz price is on its way to cross above the upper boundary of the channel. Therefore, if the price continues to create a bullish movement, traders can then expect a bullish continuation toward the north. Meanwhile, as the 9-day moving average crosses above the 21-day moving average, another resistance level could play out.

Moreover, despite holding a firm position as the 60th-ranked cryptocurrency with a market cap of $910.5 million, Chiliz (CHZ) has undoubtedly made its mark in the crypto market. On the flip side, the up-and-coming Bitcoin Minetrix ($BTCMTX) token, presently over $9 million in its presale stage, presents investors with an enticing prospect for growth when compared to CHZ’s well-established standing. Opting for an investment in $BTCMTX could potentially yield higher returns, given its current early-stage growth trajectory.

New Crypto Mining Platform - Bitcoin Minetrix

Rating