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Chiliz Price Prediction: Will CHZ Cryptocurrency Recover Above This Level?

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Chiliz Price Prediction
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  • Chiliz price prediction suggests that buyers are trying for the token’s recovery over the daily time frame chart.
  • CHZ crypto has recovered above 20 and 50-EMA while trying for 100 and 200-days Daily Moving Average.
  • The pair of CHZ/BTC is at 0.000006052 BTC with an intraday gain of 0.72%.

Chiliz price prediction suggests that the CHZ cryptocurrency is trying to register its breakout from the resistance level m over the daily time frame chart. CHZ crypto needs to recover itself above $0.14265 to remain in the recovery phase over the daily time frame chart. Meanwhile, volume change is still below average and needs to grow for CHZ to continue its recovery. 

Chiliz’s anticipated price was $0.140540, and in the day prior, it had increased by 3.50% in market value. Trading volume increased by 4.04% during intraday trading. This indicates how bulls are giving the token its initial boost. Market capitalization to volume is 0.1623.

Chiliz price prediction suggests the token’s recovery phase as soon as CHZ breaks out of the $0.14265. Meanwhile, CHZ crypto has recovered above 20 and 50-EMA while trying for 100 and 200-days Daily Moving Average. 

What do Technical Indicators suggest about CHZ?

On the daily price chart, CHZ Crypto is monitoring its recovery via a rising parallel channel. The token must continue to move inside the channel and push past the allowable resistance level in order to maximize recovery. Technical indicators show increasing momentum for the CHZ currency.

The CHZ coin’s increasing trend is highlighted by the relative Strength Index. The RSI is making an ascent toward the overbought zone at 57. The CHZ coin’s upward velocity may be seen on the MACD. When the MACD line ascends and crosses the signal line, a positive crossing has taken place.

Summary

Chiliz price prediction suggests that the CHZ cryptocurrency is trying to register its breakout from the resistance level m over the daily time frame chart. CHZ crypto needs to recover itself above $0.14265 to remain in the recovery phase over the daily time frame chart. The token must continue to move inside the channel and push past the allowable resistance level in order to maximize recovery. Technical indicators show increasing momentum for the CHZ currency.

When the MACD line ascends and crosses the signal line, a positive crossing has taken place.

Technical Levels

Support Levels: $0.12789 and $0.12317

Resistance Levels: $0.14265 and $0.150866

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.    

Steve Anderrson
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