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The Chiliz price prediction could set a bullish run if the market can keep the coin above the resistance level of $0.092.
Chiliz Prediction Data:
- Chiliz price now – $0.093
- Chiliz market cap – $817.56 million
- Chiliz circulating supply – 9.32 billion
- Chiliz total supply – 9.32 billion
- Chiliz Coinmarketcap ranking – #116
Chiliz (CHZ) demonstrates the rewards of early adoption in crypto, with an incredible rise of +2034.34% from its all-time low of $0.004001 on September 27, 2019. While it peaked at $0.8915 on March 13, 2021, marking a dramatic growth before retracing by -90.42%, CHZ remains active with a 24-hour trading range between $0.08479 and $0.09531. Its journey showcases the potential gains in spotting and investing in promising projects early on.
CHZ/USD Market
Key Levels:
Resistance levels: $0.130, $0.135, $0.140
Support levels: $0.055, $0.050, $0.045
CHZ/USD is showing significant developments on its daily chart. Recently, CHZ has broken out of the resistance of a downward channel. Before this breakout, the price had been moving within an upward channel, forming higher highs and higher lows. However, it eventually broke below the support of that channel, leading to a phase of lower highs and lower lows. Now, with the breakout from the recent downward channel, there is potential for a reversal toward higher targets.
Chiliz Price Prediction: CHZ/USD May Move to the Upside
The target for the breakdown of the previous upward channel was approximately $0.060, which the price nearly reached. However, after breaking out of the downward channel, CHZ has established short-term support. When observing the daily chart, a trendline reveals multiple rejections near $0.094, forming a resistance level. If CHZ successfully breaks through this short-term resistance, it could aim for the next major resistance levels at $0.130, $0.135, and $0.140.
Nevertheless, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. Meanwhile, the Chiliz price could create a bullish movement in the short term. On the contrary, any bearish movement below the lower boundary of the channel could roll the coin back to the supports of $0.055, $0.050, and $0.045.
CHZ/BTC Consolidates Around the Moving Averages
The Chiliz (CHZ/BTC) daily chart shows the price consolidating around 95 SAT with slight upward momentum. The 9-day MA and 21-day MA are both positioned at 92 SAT indicating neutral short-term momentum. The price remains within a descending channel, with the upper boundary around the 135 SAT resistance level and the lower boundary at the 60 SAT support. This suggests a continuation of range-bound movement unless there’s a breakout.
However, if the price sustains above the 100 SAT level and breaks above the channel resistance, a bullish continuation toward the resistance level of 135 SAT and above is possible. Nonetheless, failure to maintain the current position could result in a drop toward the lower support at 60 SAT and below. Therefore, volume remains relatively low, indicating a lack of strong market conviction. Traders should watch for significant breakouts or breakdowns to confirm the next directional move. movement.
Meanwhile, @JavonTM1 recently shared with his followers on X (formerly Twitter) that $CHZ (Chiliz) appears to be completing its final stages of consolidation and could soon embark on an impressive rally, potentially surging over 503% to reach the $0.50 range.
$CHZ (Chiliz) can be finishing up its last stages here of a consolidation and getting ready to embark on an over 503% run back into the $0.50s! https://t.co/3W5juduTJT pic.twitter.com/zQlMlJrdey
— JAVON⚡️MARKS (@JavonTM1) January 6, 2025
Alternatives to Chiliz
Currently, CHZ is approaching critical resistance zones. Breaking above $0.100 could pave the way for CHZ to test $0.140, which aligns with the top of the recently broken downward channel. Failure to break above these levels could lead to further consolidation or a retest of the lower support at $0.060. Meanwhile, Wall Street Pepe stands out as a meme coin designed to empower smaller traders with exclusive trading signals and strategies, aiming to replicate whale-like success. Impressively, Wall Street Pepe has already raised over $43 million in its ongoing presale stage, reflecting strong investor confidence.
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