Home
News
- 1 CHZ’s price is currently trading at $0.078 with a fall of 32.56% in the 24-hour trading volume.
- 2 CHZ fell by 3.81% in the last 24 hours.
Chiliz price prediction indicates the CHZ token is present in the recovery phase at the initial level. The CHZ price is making a higher high pattern below the crucial EMA’s. The price at present requires substantial support from the buyers in order to make a recovery as it is facing major resistance from the previous resistance points and multiple moving average levels. Buyers are pulling the price action into their grasp, according to the candlestick patterns.
The price may soon attempt to make a bullish recovery. However, as it is trading below the key EMA levels, the buyers will have to face multiple resistance levels in order to attain the target. Buyers are presently making continuous efforts to retake charge of the trend.
Chiliz’s price is at $0.078 seeing a gain of 0.16% market capitalization during the day’s trading session. Trading volume fell by 32.56% during the intraday trading session.
The Sentiment of Investors Regarding CHZ Token In LunarCrush
Investors’ sentiments regarding Chiliz price are seeing a fall in bullish sentiments of 50.97%. The total social engagement rate of CHZ observed a decline of 32.91% within the last week. The decline in these metrics indicate investors are facing a momentary loss of interest regarding tokens across several social media communities.
The falling parameters of LunarCrush suggest the community across various social media platforms are not as engaged regarding the CHZ crypto.
Chiliz Price Prediction: Technical Analysis on Daily Chart
The RSI line is trading near the median line on a daily time frame. The present value of the RSI is 49.69 points and the value of 14 SMA is 43.08 points. The RSI line is suggesting the CHZ price can take a favorable reversal if it breaks above the median line.
The stochastic RSI is moving near the overbought level on the 1-day chart. It is giving a negative interception between the %K and %D lines above 80 points. The current value of stochastic RSI at present is 93.69 points.
Conclusion
According to the analysis, CHZ price is facing resistance from the major EMA levels.CHZ token is present in the recovery phase at the initial level. The CHZ price is making a higher high pattern. Investors are seeing a fall in bullish sentiments regarding Chiliz’s price. It requires substantial support from the buyers in order to make a recovery
Technical levels –
Support – $0.0500
Resistance – $0.1000
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
