Chiliz Price Prediction for today, February 7: CHZ/USD Grows 22.21% as Price Touches $0.170 Level

The Chiliz price prediction shows that CHZ gains 22.21% in the last 24 hours to touch the daily high of $0.170.

Chiliz Prediction Statistics Data:

• Chiliz price now – $0.167
• Chiliz market cap – $1.1 billion
• Chiliz circulating supply – 6.6 billion
• Chiliz total supply – 8.8 billion
• Chiliz Coinmarketcap ranking – #51

CHZ/USD Market

Key Levels:

Resistance levels: $0.250, $0.270, $0.290

Support levels: $0.080, $0.060, $0.040

CHZ/USD has been exhibiting strength over the last 24 hours but managed to regain above the 9-day and 21-day moving averages amid technical correction from the downward trend. At the moment, the coin is recovering toward a resistance level of $0.170. More so, if the red line of the 9-day MA crosses above the green line of the 21-day MA, the Chiliz price may continue the bullish movement.

Chiliz Price Prediction: Chiliz (CHZ) Finally Making A Bounce?

Looking at the daily chart, the Chiliz price keeps moving to the north. Moreover, though the current price of Chiliz at $0.167 is above the 9-day and 21-day moving averages within the channel, the recovery seems to have begun as the technical indicator Relatively Strength Index (14) moves to cross into the overbought region. The Chiliz (CHZ) needs to continue its up-trending growth in the coming days to recover properly. As per the current trend, the next resistance levels are likely to come at $0.250, $0.270, and $0.290.

On the downside, a sustainable move below the moving averages could open the bearish way to a $0.100 support level and this barrier may likely slow down the bears and then serve as a jumping-off ground for the recovery. Meanwhile, the next support levels could be located at $0.080, $0.060, and $0.040 respectively.

Against Bitcoin, the Chiliz price continues to trend bullishly as the resistance further outweighs the support. However, there is a need for an increasing volume and resistance to cause an upsurge in the market which could make the coin cross above the upper boundary of the channel and move towards the resistance level of 1200 SAT and above.

However, there’s no sign of a bearish movement in the market at the moment. Therefore, if a bearish move occurs and brings the coin below the 9-day and 21-day moving averages, CHZ/BTC may hit the nearest support at 300 SAT and below but the technical indicator Relative Strength Index (14) is seen moving into the overbought region to increase the bullish movement.

Chiliz Alternatives

On the daily chart, the Chiliz price is feeling the impact of a tailwind, and this has resulted in a sudden spike in its price action. Therefore, if buyers could maintain their bullishness, Chiliz’s price action may break more upsides. Nevertheless, the play-to-earn games platform, Meta Masters Guild, has generated close to $3.5 million in its presale, it continues with the development of its first game as the MEMAG presale nears its end.