Chiliz Price Prediction for Today, December 27

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

Updated: 27 December 2023

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The Chiliz price prediction shows that CHZ could set a bullish run if the market can break above the $0.100 resistance level.

Chiliz Prediction Statistics Data:

Chiliz price now – $0.093
Chiliz market cap – $723.8 million
Chiliz circulating supply – 7.7 billion
Chiliz total supply – 8.8 billion
Chiliz Coinmarketcap ranking – #87

CHZ/USD Market

Key Levels:

Resistance levels: $0.105, $0.110, $0.115

Support levels: $0.077, $0.072, $0.067

Chiliz Price Prediction for Today, December 27 – CHZ Technical Analysis — CHZUSD – Daily Chart

CHZ/USD is trading in a positive movement at the time of writing. The market is running a little retracement move towards $0.095 resistance with price growth of 6.22%. However, Chiliz (CHZ) is beginning to maintain a bullish movement within the channel and traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.

Chiliz Price Prediction: CHZ Price Could Break to the Upside

If the lower boundary breaks again, the Chiliz price may slide back to $0.085 support. Moreover, if the price begins to respect the upward movement, traders can then expect a bullish continuation toward the upper boundary of the channel. Therefore, as the 9-day MA crosses above the 21-day MA, the next resistance levels could be located at $0.105, $0.110, and $0.115 respectively.

According to the Chilz price formation, a bearish break below the lower boundary of the channel could play out if the bears step into the market. Once this comes to focus, a bearish extension could roll the coin back to the long-term support levels at $0.077, $0.072, and $0.067. While a continuous fall might further lead to a violent break in the negative side.

CHZ/BTC Begins the Upward Movement

Against Bitcoin, buyers are currently dominating the market while the Chiliz price continues to show some promising signs that could make higher highs above the upper boundary of the channel. From the upside, the nearest resistance level lies at 2300 SAT, and the higher resistance lies at 250 SAT and above.

Meanwhile, from the downside, the nearest support level could be located at 200 SAT, and if the price drops further to create a new low, lower support could be located at 185 SAT and below. The 9-day moving average is likely to cross above the 21-day moving average, which shows that the bulls are coming into focus.

Chiliz Alternatives

The price of Chiliz is displaying bullish momentum, currently trading above the $0.088 resistance level with a growth rate of 6.22%. Given the significant increase in value, there might be a slight pullback before further upward movement. However, if bulls maintain Chiliz above both the 9-day and 21-day moving averages, traders can anticipate continued upward momentum in the price.

However, Chiliz (CHZ), ranked 87th with a $723.8 million market cap, has established itself in the crypto market. However, the emerging Bitcoin Minetrix ($BTCMTX) token, currently achieving over $6.2 million in its presale, offers investors a promising opportunity for growth compared to CHZ’s more established position. Investing in $BTCMTX could provide greater potential returns due to its early-stage growth phase.

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