Chiliz Price Prediction for Today, March 1 – CHZ Technical Analysis

The Chiliz price prediction shows that CHZ is moving to the upside as any bullish cross above the $0.167 price mark is expected.

Chiliz (CHZ) Chain Unveils Tokenomics 2.0: Introducing Inflation Model and Burn Mechanism

Chiliz Chain unveils Tokenomics 2.0, boosting utility and ensuring blockchain sustainability with an 8.80% base rate and token burn mechanism, targeting a minimum annual yield of 5.72% APY. In a recent announcement, the Chiliz Chain, a leading sports and entertainment blockchain protocol, has introduced Tokenomics 2.0. This update, coinciding with the conclusion of the blockchain’s first year, introduces notable alterations to the economic framework of its native digital currency, $CHZ.

Chiliz Prediction Statistics Data:

• Chiliz price now – $0.159
• Chiliz market cap – $1.4 billion
• Chiliz circulating supply – 8.8 billion
• Chiliz total supply – 8.8 billion
• Chiliz Coinmarketcap ranking – #67

CHZ/USD Market

Key Levels:

Resistance levels: $0.180, $0.185, $0.190

Support levels: $0.120, $0.115, $0.110

CHZ/USD is trading at $0.159 after recording an intraday high of $0.167 during the European session today. Looking at the daily chart, the Chiliz price is hovering above the 9-day and 21-day moving averages after beginning today’s trade at $0.142.

Chiliz Price Prediction: CHZ Price Heads to the Upside

Since the past few days, the Chiliz price has been moving bullishly within the channel. However, CHZ/USD is currently trading at the $0.159 level. In the meantime, the Chiliz price may cross above the upper boundary of the channel to touch the nearest resistance at $0.170.

Nevertheless, the Chiliz price may continue to do well if crosses above the channel and the price may locate the resistance levels at $0.180, $0.185, and $0.190 respectively. Meanwhile, should the technical indicators decide to make a quick turn to the south, there may be a bearish move toward the lower boundary of the channel, and this could roll the market down to the support levels of $0.120, $0.115, and $0.110. Still, the 9-day MA remains above the 21-day MA, heading to the north.

CHZ/BTC Goes Bullishly

Against Bitcoin, the Chiliz price continues to focus on upward movement after touching the daily high at 273 SAT. However, CHZ/BTC is currently trading at 254 SAT, heading toward the resistance level of 280 SAT, the next key resistance may likely be at 310 SAT and above.

On the downside, a possible bearish movement below the 9-day and 21-day moving averages may likely come into play, and the support level of 195 SAT and below could be visited. Meanwhile, the market is having a bullish day today because the 9-day moving average keeps hovering above the 21-day moving average, suggesting more bullish signals.

@Toms_zapato shared insights with his followers on X (formerly known as Twitter) regarding $CHZUSDT 1D (a critical area for traders). “Greetings, my friends! I trust you’re all doing splendidly. Take a look at the $CHZ currency chart on the daily timeframe. It’s recently broken out of its long-term downward channel and is now trending within an upward channel, which suggests…”

$Chz usdt 1D (Sensitive area for traders) – #CHZUSDT

Hello friends, I hope you are doing well, you can see the $chz currency chart in the daily time frame, which has just left its long-term downward channel and is in an upward channel that has …$CHZhttps://t.co/pibEmF0YpJ

— Tomzp (@Toms_zapato) March 1, 2024

Alternatives to Chiliz

The Chiliz price is poised for a bullish breakout, with potential resistance indicated by the 9-day Moving Average (MA) above the 1-day MA. Despite Chiliz’s substantial market cap of $1.4 billion and ranks 64th in the crypto world, its significance may be eclipsed by its size. Conversely, the Bitcoin Minetrix token offers an appealing investment opportunity, having already secured nearly $11.7 million in its presale. Now is an opportune time to consider investing in this promising asset.

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