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The Chiliz price prediction reveals that CHZ is facing key resistance at $0.13 as the market price may gain more upsides.
Chiliz Prediction Statistics Data:
- Chiliz price now – $0.12
- Chiliz market cap – $797.5 million
- Chiliz circulating supply – 6.6 billion
- Chiliz total supply – 8.8 billion
- Chiliz Coinmarketcap ranking – #49
CHZ/USD Market
Key Levels:
Resistance levels: $0.220, $0.240, $0.260
Support levels: $0.042, $0.032, $0.022
As the market opens today, after touching the resistance level of $0.126, CHZ/USD begins to drop with a bearish bias. The coin opens at $0.114, and it is currently dropping toward the 9-day and 21-day moving averages. For the past few days, the Chiliz price has been moving sideways, trading above the 9-day and 21-day moving averages.
Chiliz Price Prediction: Chiliz (CHZ) May Head to the North
At the time of writing, the Chiliz price is ranging, and the coin is likely to break to the upside to gain more uptrends. However, CHZ/USD is currently hovering at $0.120 as it prepares for the upside. Should it spike below the 9-day and 21-day moving averages, the critical support levels of $0.042, $0.032, and $0.022 may be tested but the technical indicator Relative Strength Index (14) crosses above the 50-level.
Meanwhile, CHZ/USD could recover towards the channel or extend its decline toward the support level of $0.100. On the upside, the next major resistance is near the $0.150 level. But, the coin may hit the resistance levels of $0.220, $0.240, and $0.260. If not, there is a risk of more downsides toward the lower boundary of the channel.
Against Bitcoin, the daily chart shows that the Chiliz price is hovering above the 9-day and 21-day moving averages. If the price head towards the upper boundary of the channel, there is a possibility that the coin may create additional gains. The next resistance key above this level is close to the 1000 SAT. If the price rises, it could even break the 1300 SAT and above in future sessions.
However, if the bears bring the price below the moving averages, 500 SAT support may play out. Any further bearish movement could roll the coin to the critical support at 285 SAT and below. The Relative Strength Index (14) is moving to cross above the 50-level, suggesting bullish signals.
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