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Chiliz Price Prediction: CHZ Surges 19% As This Latest GameFi Platform Closes On $7 Million

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Chiliz Price Prediction for Today, December 27 – CHZ Technical Analysis
Chiliz Price Prediction for Today, December 27 – CHZ Technical Analysis

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The Chiliz price has pumped almost 23% in the last 24 hours to trade at $0.106 as of 7:18 a.m. EST, with trading volume surging 345% to $244 million.

Chiliz Price Maintains Bullish Momentum With Breakout Patterns

Chiliz Price Analysis. Source:
Chiliz Price Analysis. Source:

The bulls look to be gaining control, with the Chiliz price breaking beyond the resistance level at $0.095, forming the cup and handle pattern, which normally indicates a continuation of the bullish trend. 

The retracement in price at the resistance level allowed the bulls to surpass the pattern’s neckline, utilizing the $0.074 support as a launching point. 

This breakout has established a sturdy support zone at $0.095, providing significant strength for the bulls.

The current Chiliz price shows a short-term reversal as it trades above its 50-day simple moving average (SMA). Chiliz’s 200-day moving average slows up, indicating a strong trend. Furthermore, the golden cross at $0.072 affirms the bullish momentum for the price of CHZ.

Currently trading near the overbought region at 68, the Relative Strength Index (RSI) indicates a gradual upward movement from the 30 oversold level and crossing the 50 midline level, indicating intense buying pressure.

Chiliz Price Remains Bullish, Bulls Target $0.13 Mark

Chiliz is experiencing bullish momentum. The bulls aim for a potential surge towards the $0.13 mark, the distance covered by the depth of the cup. 

However, the bears could apply downward pressure in a corrective phase once the target is achieved. In this case, the $0.095 support zone will be a better regrouping landing spot in such a scenario. 

As Chiliz continues to show promise, big players in the industry are accumulating Meme Kombat tokens (MK) before its official launch with experts saying it has the potential to 10X.

Meme Kombat Approaches $7 Million in Funding, Sets Sight on $8 Million Target

The Meme Kombat presale has secured over $6.9 million in funding as investors rush to bag the remaining tokens at a reduced rate of $0.279 before the presale hits its target soft cap of $8 million. 

Currently, at stage 10, the presale aims to reach a hard cap of $10 million

Join Meme Kombat, Earn Passive Income

Meme Kombat is a gaming platform that rewards active betting and passive staking. It merges GameFi with meme characters, enabling players to engage in battles featuring their favorite memes. 

You can participate in Season 1 of Kombat, where 11 memes compete to claim the title of the best. Players stand to earn significant rewards if their selected characters emerge victorious.

The platform is set to introduce Meme Kombat NFTs, which come with visually appealing designs. These NFTs assure substantial utility in MK Season 2, providing a unique blend of art and functionality.

Moreover, you can stake your obtained MK tokens, ensuring an annual percentage yield (APY) of 136%. More than 29 million tokens have been staked, accounting for 79% of the total from over 9,000 stakers.

Austin Hilton, a crypto analyst and YouTuber, recently featured the Meme Kombat project, providing insights into purchasing and staking tokens for lucrative returns.

To buy MK tokens, visit the official Meme Kombat website, connect your Web 3 wallet, and exchange your ETH, USDT, or BNB for MK tokens.

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