Home
News
- 1 The CHZ token price reveals a massive surge and rose over 15% in the last three sessions.
- 2 Bulls have gained traction and look aggressive, eyeing on the $0.2000 mark to catch.
Chilliz token (CHZ) witnessed a follow-on buying activity, registered a rising wedge breakout, and crossed the trendline of $0.1300. Since the start of 2024, the token has been delivering bullish momentum and has persisted in extending the gains. This week, a massive spike led sellers into trouble, and the token price is skyrocketing toward the upcoming hurdle of $0.2000.
CHZ token is trading in a bullish trend and glimpsing higher high swings for the past weeks. The price action resembles the bull accumulation and the investors’ willingness to raise the token toward $0.2000. The trend is intact and reveals follow-on buying action, which signifies the bulls’ dominance. Per the Fib retracement levels, the token has stayed above the 50% zone and is heading to the 61.8% zone.
The Chilliz token (CHZ) price was $0.1558 at press time, with an intraday gain of 2.09%, showing bullishness on the charts. Moreover, the trading volume has increased by 68.95% to $202.83 Million. CHZ token has a weekly return ratio of 12.30% and 48.95% on a monthly basis. The pair of CHZ/BTC is at 0.00000231 BTC, and the market cap is $1.34 Billion. Analysts are bullish and suggest that the CHZ token will continue to zoom the gains and may retest $0.2000 shortly.
Chilliz Exhibits Breakout: Will CHZ Continue To Zoom Gains?
On the daily charts, the Chilliz token (CHZ) price persisted in delivering a bullish rally and soared over 110% in the last three months. The technicals are reflecting the long buildup activity and are glimpsing a golden crossover on the charts. Afterward, the token continued to lift the gains and is witnessing a bounce from the demand zone of $0.07000.
The Momentum Indicator (RSI) curve floats in the overbought zone, signifying the positive outlook. Moreover, the MACD indicator shows a bullish crossover and suggests a continuation of the rally for the next sessions.
The CHZ Price Reveals Rounding Bottom Formation on Weekly Charts
On the weekly charts, the token exhibited a rounding shape of recovery and has surpassed the significant moving averages depicting the buying momentum. Following the market surge, the CHZ token has gained strength and is replicating a massive bounce. The token has exceeded the $0.1500 with a strong volume and is glimpsing investor interest. CHZ token has moved out of the correction phase and may retain the bullishness.
Summary
The Chilliz token (CHZ) price reveals a sharp rally and has witnessed bullish momentum for the past weeks. Moreover, the token is riding on a bullish track and will reach the $0.2000 mark soon.
Technical Levels
Support Levels: $0.1420 and $0.1300
Resistance Levels:$0.1600 and $0.1700
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
