Home
News
•XCH/USD is currently priced at $69.40 and has increased by 0.43% over the past day
•The technical indicators suggest a continuation of the bullish momentum
•The trading volumes have increased by 1% over the past day
Short Term View: Bullish momentum for Chia remains intact as bulls arrest the slide
The Chia price today is $69.40 USD with a 24-hour trading volume of $12,218,752 USD. Chia is up 0.43% in the last 24 hours.The trading volumes have increased slightly in the past day while the Volume to Market Cap Ratio, on the other hand, stands at 0.04908.
Chia Token price has been in an uptrend the past couple of days now, as is evident by the green candles on the charts. However, the momentum seems to be fading as volume slowly fades. The momentum is still favoring the bulls as the altcoin is transacting above the 20,50 SMA, which is a major incentive for the bulls to continue this bullish run.The resistance for the altcoin is placed at $74.60 whereas the support for the altcoin resides at $63.2 in the event of the bears staging a comeback.
Long Term View for Chia
The RSI for Chia is transacting in the neutral region, currently standing at 55.66 as bulls have managed to arrest the slide. The increasing strength of the green histograms suggest the bullish momentum isn’t likely to fall off just yet. The MACD and signal lines are transacting in the positive zone, with the gap between them increasing as well over the past few weeks.
Conclusion
The Chia Token price is currently in an uptrend while the technical indicators also point towards the continuation of the bullish wave which can push the price to a new high. One can forecast significant gains in the altcoin in the near term, provided the bulls are able to hold their nerve.
Support: $63.2
Resistance: $74.60
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
