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 6.79%, as the coin prepares to cross above the moving averages.
Chiliz Prediction Statistics Data:
- Chiliz price now – $0.145
- Chiliz market cap – $897.3 million
- Chiliz circulating supply – 6.1 billion
- Chiliz total supply – 8.8 billion
- Chiliz Coinmarketcap ranking – #45
CHZ/USD Market
Key Levels:
Resistance levels: $0.250, $0.270, $0.290
Support levels: $0.070, $0.050, $0.030
CHZ/USD is trying to cross above the 9-day and 21-day moving averages as the coin prepares for the upside with a gain of 6.79%. According to the daily chart, the candle formation is likely to respect the upward movement but crossing below the lower boundary of the channel might position the market price towards the south while the closest support level could be located around the $0.130 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 $0.250, $0.270, and $0.290. On the contrary, the Chiliz price may likely hold the current market value at $0.145 before heading to the nearest support level of $0.130. Therefore, if the Chiliz price drops below this support level, it may likely hit the closest support at $0.100.
Meanwhile, the critical support after this could be located around $0.070, $0.050, and $0.030 levels if the selling volume keeps increasing. However, the technical indicator Relative Strength Index (14) reveals that the market may gain more upwards if the signal line crosses above the 40-level.
Against Bitcoin, the buyers are pushing the coin toward the 9-day and 21-day moving averages. Meanwhile, from the upside, the nearest level of resistance lies above the moving averages at 1300 SAT and above as the technical indicator Relative Strength Index (14) moves to cross above the 40-level.
Looking at the downside; the nearest support level could be located at 600 SAT, if the price drops further to create a new low, lower support could be found at 500 SAT and below. In addition, if the 9-day MA remains below the 21-day MA, this could mean that the market may remain on the downside.
Dash 2 Trade gives you the ability to optimize your trading and speculative profitability with effective crypto trading recommendations, auto trading, and analytics features. There is a D2T token presale ongoing and time is running out. The presale dashboard launch is coming soon since the product dev is ahead of the schedule. So far, the presale has raised almost $10 million.
Related
Join Our Telegram channel to stay up to date on breaking news coverage
