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•CHZ/USD is currently priced at $0.23 and has decreased by 1.59% over the past day
•The trading volumes have decreased by 33.64% over the past day
•The technical indicators suggest a positive outlook for the near term
Short Term View: Chiliz Crypto Price resilience bears fruit
The Chiliz Crypto price today is $0.239334 USD with a 24-hour trading volume of $602,897,136 USD. Chiliz Crypto is down 1.59% in the last 24 hours. The trading volumes have decreased over the past day whereas the Volume to Market Cap Ratio stands at 0.4198 for the altcoin.
Chiliz Crypto bulls have played a crucial role in limiting the losses amid the wider turbulence that has been going on in the cryptocurrency market. The asset is in an uptrend as the Chiliz Crypto Price is currently transacting above the 20,50 SMA on the four-hour chart. The continuation of the uptrend could take the altcoin above the resistance level placed at $0.30 in the near term. On the other hand, the sellers are attempting to sink the price below the strong support of $0.20. If they succeed, the bearish momentum could pick up and the asset could drop to $0.15 in the near future. However, the chances of that happening appear quite slim as the bulls have stood firm amid the onslaught, and the asset looks primed to continue the uptrend.
Long-Term View for Chiliz Crypto Price
Chiliz Crypto has been on a consolidated uptrend for the past several weeks as it has been able to evade the watchful eyes of the bears. The green histograms have increased in size on the daily chart whereas the MACD and signal lines are transacting in the positive territory. The gap has continued to widen between the two, which adds weight to the bullish stance. The RSI for Chiliz Crypto is currently transacting in the overbought territory and stands at 70.05. Hence, the altcoin may undergo some minor corrections in the near term as the sellers spring into action.
Conclusion
The technical indicators for Chiliz Crypto paint a bullish picture for the near term as the altcoin has battled on amid the increasing selling pressure. Hence, we can expect the Chiliz Crypto Price to continue to soar in the days ahead.
Support: $0.20-$0.15
Resistance: $0.30-$0.40
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 any financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
