CHZ Price Forecast for January 21: Chiliz Technical Analysis

CHZ Price Forecast for January 21: Chiliz Technical Analysis


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

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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.

Author – Contributor at | Website

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.