The Chiliz Price Increase Looks Bullish
The Chiliz price prediction shows that CHZ is moving in a bullish direction with an 11.91% gain, as it prepares to move above the channel.
Chiliz Prediction Statistics Data:
- Chiliz price now – $0.100
- Chiliz market cap – $910.5 million
- Chiliz circulating supply – 8.8 billion
- Chiliz total supply – 8.8 billion
- Chiliz Coinmarketcap ranking – #60
CHZ/USD Market
Key Levels:
Resistance levels: $0.120, $0.130, $0.140
Support levels: $0.075, $0.065, $0.055
CHZ/USD is on its way toward the upper boundary of the channel, showing an 11.91% gain. The daily chart indicates that candle formation might continue its upward movement, and the closest support level could be around $0.088.
Chiliz Price Prediction: Chiliz Price May Spike to the Upside
The Chiliz price is expected to head upwards, triggering intense buying to reach resistance levels of $0.120, $0.130, and $0.140. If the price drops below $0.090, it may hit the closest support level at $0.080. The 9-day moving average is currently above the 21-day moving average, suggesting the market may move upwards if the bulls apply more pressure.
CHZ/BTC Trades Bullishly
Against Bitcoin, the Chiliz price is moving above the 9-day and 21-day moving averages. If it falls below these averages, the nearest support could be at 180 SAT and below, highlighting a potential return of bears to the market.
If the coin crosses above the upper boundary of the channel, the nearest resistance level could be at 260 SAT. Crossing the 9-day MA below the 21-day MA could indicate a potential market downturn.
Alternatives to Chiliz
As Chiliz moves to cross above the upper boundary of the channel, you can expect a bullish continuation towards the north as the 9-day moving average crosses above the 21-day moving average. However, it is worth considering alternative investments, such as the up-and-coming Bitcoin Minetrix ($BTCMTX) token, which presents an enticing growth prospect compared to Chiliz’s well-established standing.
Hot Take: The Bullish Future of CHZ
Chiliz’s bullish movement aims to break through the upper channel boundary, suggesting a positive outlook for the coin’s future. Additionally, considering alternative cryptocurrency investments, such as Bitcoin Minetrix, could offer different opportunities for growth and potential returns.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.