Chiliz Price Prediction: CHZ Finally Recovered above Range, What’s Next?

• Chiliz price prediction suggests the recovery rate of CHZ cryptocurrency over the daily chart.
• CHZ crypto has successfully recovered above 20, 50, 100 and 200-days Daily Moving Average. 
• The pair of CHZ/BTC is at 0.0000133 BTC with an intraday drop of 0.26%.

Chiliz price prediction suggests the recovery rate as the token has finally recovered out of the price range after recovering from the falling wedge pattern. CHZ crypto must maintain this recovery rate and needs to accumulate buyers during the intraday trading session. CHZ buyers need to provide the constant uptrend velocity to the token. However, sellers may approach to pull the token back inside the price range over the daily chart. CHZ cryptocurrency has successfully recovered from the falling wedge pattern on 25th July and is now trying to sustain at the verge of the consolidation phase.

The market capitalization of Chiliz has dropped by 3.62% over the past day and is currently worth $0.211. However, the trade volume jumped by 46.87% during the intraday trading session. This exemplifies the token being moved from the upper level by bears.

Chiliz price must maintain the current velocity over the chart. The token needs to maintain the current accumulation rate of buyers during the intraday trading session. Meanwhile, volume change can be seen above average and shows the proper recovery of CHZ coin. Nevertheless, CHZ crypto must surge out of the upper price range of the consolidation phase. CHZ crypto has successfully recovered above 20, 50, 100 and 200-days Daily Moving Average. 

What do Technical Indicators suggest about CHZ?

Technical indicators suggest the uptrend momentum of CHZ crypto. Relative Strength Index showcases the uptrend momentum of CHZ coin. RSI is at 75 and is currently inside the extreme overbought territory. MACD exhibits the uptrend momentum of CHZ crypto. The MACD line is way ahead of the signal line after  a positive crossover. 

Conclusion 

Chiliz price prediction suggests the recovery rate as the token has finally recovered out of the price range after recovering from the falling wedge pattern. CHZ crypto must maintain this recovery rate and needs to accumulate buyers during the intraday trading session. CHZ buyers need to provide the constant uptrend velocity to the token. However, sellers may approach to pull the token back inside the price range over the daily chart. Nevertheless, CHZ crypto must surge out of the upper price range of the consolidation phase. CHZ crypto has successfully recovered above 20, 50, 100 and 200-days Daily Moving Average. 

The MACD line is way ahead of the signal line after  a positive crossover. 

Technical Levels
Support Levels: $0.25 and $0.20
Resistance Levels: $0.30 and $0.33 

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

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.