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The Chiliz price prediction reveals that CHZ is moving bullishly with a gain of 10.72%, as the coin prepares to cross above the moving averages.
Is It Time to Buy Chiliz (CHZ)? Analyst Targets $0.43
CHZ has experienced a steady ascent over the medium to long term, signaling increasing optimism among investors. This positive outlook is further strengthened as the token nears a critical resistance level at $0.16. Breaking through this barrier could spark a surge of buying activity, driving CHZ to much higher price levels.
Chiliz Prediction Statistics Data:
- Chiliz price now – $0.129
- Chiliz market cap – $1.1 billion
- Chiliz circulating supply – 8.8 billion
- Chiliz total supply – 8.8 billion
- Chiliz Coinmarketcap ranking – #75
CHZ/USD Market
Key Levels:
Resistance levels: $0.165, $0.170, $0.175
Support levels: $0.085, $0.080, $0.075
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 10.72%. According to the daily chart, the candle formation is likely to respect the upward movement but sliding below the lower boundary of the channel might position the market price toward the south while the closest support level could be located around the $0.100 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 $0.165, $0.170, and $0.175. On the contrary, the Chiliz price may likely hold the current market value at $0.129 before heading to the nearest support level of $0.120. 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 $0.085, $0.080, and $0.075 levels if the selling volume keeps increasing. However, the 9-day moving average may need to stay above the 21-day moving average so that the market may experience more bullish signals.
CHZ/BTC Trades Bullishly
Against Bitcoin, the buyers are pushing the Chiliz 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 240 SAT and above as the buyers may need to increase the buying pressure within the channel.
Looking at the downside; the nearest support level could be located at 150 SAT, if the price drops further to create a new low, lower support could be found at 130 SAT and below. In addition, if the 9-day MA crosses below the 21-day MA, this could mean that the market may follow the downside.
Nevertheless, @altcoinsdragon shared his analysis with followers on X (formerly Twitter), highlighting $CHZ as a prime invest-and-hold coin. He praised its impressive performance and expressed confidence that it could easily reach $1. 🚀🔥
$CHZ another invest and hold coin 🔥
Really doing a great job 🔥🔥🚀🚀
$1 easy 🔥🔥@Chiliz pic.twitter.com/NCGlASObNw
— Altcoins Dragon (@altcoinsdragon) June 9, 2024
Alternatives to Chiliz
Chiliz (CHZ) is displaying bullish momentum, trading above $0.125 with a 10.72% growth rate. Despite potential minor pullbacks, if it surpasses the 9-day and 21-day moving averages, further upward movement is expected. With a $1.1 billion market cap, CHZ is well-established, but the emerging PlayDoge token, raising over $3.4 million in its presale, offers investors greater potential returns due to its early growth stage.
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