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•CHZ/USD is currently priced at $0.10 and has increased by 2.70% over the past day
•The technical indicators suggest a positive outlook for the near term
•The trading volumes have decreased by 19.73% over the past day
Short Term View: Chiliz Crypto staves off the bears
The Chiliz price today is $0.103010 USD with a 24-hour trading volume of $53,713,726 USD. Chiliz Crypto is up 2.70% in the last 24 hours. The trading volumes have decreased slightly over the past day, suggesting profit taking occurring at the current price levels. The Volume to Market Cap Ratio, on the other hand, stands at 0.0869.
The Chiliz Crypto analysis shows that the asset has performed greatly over the past two weeks. The uptrend has seen the Chiliz Crypto prices moving above the 20,50 SMA on the four-hour chart. If this uptrend continues, Chiliz might run along with the bulls, overtaking its $0.15 resistance level and possibly even higher to $0.20. Conversely, if the investors turn against the altcoin, the bears might take over and dethrone Chiliz from its uptrend position, taking the altcoin to the depths of the support placed at $0.04.
Long-Term View for Chiliz Crypto
The RSI for Chiliz has moved above the halfway mark and is currently transacting at 50.55 and thus, giving off a bullish signal. The MACD indicator is currently giving out a bullish impulse. The green histograms have shown consistent growth over the past weeks, with a gradual increase in size being witnessed across the daily charts. The MACD and signal lines continue to head towards the positive territory as well.
Conclusion
Chiliz Crypto shows an uptrend that has attracted swathes of buyers at the current prices. This may result in the prices increasing further and beyond the resistance levels. Hence, the anticipation of the upcoming trend is increasingly bullish in the near term.
Support: $0.07-$0.04
Resistance: $0.15-$0.20
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 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.
