Chiliz Price Prediction: Will the Bulls Keep the Momentum Going?

• 1 The Chiliz price is around $0.134 and has increased by 2.43% during the intraday trading session.
• 2 The pair of CHZ/BTC is around 0.000004372 BTC with a gain of 1.21% during the last 24 hours.
• 3 The CHZ price is trading below the 200-day DMA and is above the 20,50,100 days EMA.

Chiliz’s price is currently showing a steady upward momentum, indicating potential growth over time. The bullish trend may develop or intensify if the price continues to rise. However, the bears may try to bring the price down by breaking the support level. If the bulls have a solid plan for the coin’s future growth, more investors may enter the trade, leading to a price increase.

The Chiliz price is around $0.134 and has increased by 2.43% during the intraday trading session, showing that the bulls and bears are battling for influence. The pair of CHZ/BTC is around 0.000004372 BTC with a gain of 1.21% during the last 24 hours. The bulls might take over the market of CHZ as the bullish dominance may give upward momentum to CHZ. The primary resistance level of $0.1372 may be reached by the price if the bulls prevail, and the secondary resistance level of $0.1618 may also be reached if the bullish trend persists. If the bears might dominate the market of CHZ if the bearish trend persists the price may drop up to the primary support level is $0.1044, and the secondary support level is $0.0999, might the bulls gain control of the market?

Source: CHZ/USD by TradingView

The volume of CHZ during the intraday trading session has increased by 19.71%, indicating a decrease in short-selling pressure. However, the MACD and MACD signal has collapsed, indicating a positive crossover, The volume-to-market cap ratio is 0.0708.

The Technical Indicators of CHZ

Source: CHZ/USD by TradingView

The technical indicators show that the RSI of the coin is getting closer to the overbought zone, with a current value of 59.63 and an average RSI is 56.89, indicating that the buyers may need to take action to neutralize the RSI. The bears are losing their grip the bulls might dominate the market of CHZ. The RSI might increase and it may move closer to the overbought zone. The CHZ price is trading below the 200-day Daily Moving Average and is above the 20,50,100-day Exponential Moving Averages.

Conclusion

The Chiliz price has shown a steady upward momentum, indicating potential growth, with the bulls possibly dominating the market. Technical indicators suggest that the RSI is getting closer to the overbought zone, and the price is trading below the 200-day DMA but above the 20,50,100 days EMA

Technical Levels

Support Levels: $0.1044 and $0.0999

Resistance Levels: $0.1372 and $0.1618

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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