The Chiliz price prediction may likely set a bullish run if the market can climb back above the $0.100 resistance level.
Chiliz Prediction Statistics Data:
- Chiliz price now – $0.110
- Chiliz market cap – $735.3 million
- Chiliz circulating supply – 6.6 billion
- Chiliz total supply – 8.8 billion
- Chiliz Coinmarketcap ranking – #49
Resistance levels: $0.200, $0.210, $0.220
Support levels: $0.030, $0.020, $0.010
CHZ/USD is trading in a positive movement at the time of writing. The market is running a little retracement move towards $0.110 resistance with price growth of 5.83%. However, Chiliz (CHZ) is beginning to maintain a bullish movement within the channel and traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.
Chiliz Price Prediction: Would CHZ Price Break to the Upside?
If the lower boundary breaks again, the Chiliz price may slide back to $0.100 support. Moreover, if the price begins to respect the upward movement, traders can then expect a bullish continuation above the 9-day and 21-day moving averages. Therefore, as the technical indicator Relative Strength Index (14) crosses above the 40-level, the next resistance levels could be located at $0.200, $0.210, and $0.220 respectively.
Looking at the price formation, a bearish break below the lower boundary of the channel could play out if the bears step into the market. Once this comes to focus, a bearish extension could roll the coin back to the long-term support levels at $0.030, $0.020, and $0.010. Therefore, a continuous fall might further lead to a violent break in the negative side.
Against Bitcoin, buyers are about to step back into the market while the coin is trying to show some promising signs that could make higher highs should it keep on moving above the 9-day and 21-day moving averages. From the upside, the nearest resistance level lies at 1000 SAT and the higher resistance lies at 1200 SAT and above.
Meanwhile, from the downside, the nearest support level is located at 500 SAT, and if the price drops further to create a new low, lower support could be located at 200 SAT and below. The technical indicator Relative Strength Index (14) is moving to cross above the 40-level which shows that the bulls are coming into focus.
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