CHZ/USD Steps Closer to $0.30 Resistance

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The Chiliz price prediction is seen breaking above the $0.28 resistance level as the coin focus on the $0.30 resistance level.

Chiliz Prediction Statistics Data:

Chiliz price now – $0.28
Chiliz market cap – $1.7 billion
Chiliz circulating supply – 6 billion
Chiliz total supply – 8.8 billion
Chiliz Coinmarketcap ranking – #36

CHZ/USD Market

Key Levels:

Resistance levels: $0.35, $0.37, $0.39

Support levels: $0.22, $0.20, $0.18

CHZUSD – Daily Chart

CHZ/USD is seen refreshing to a new high after touching the daily low of $0.26 to breach above $0.29 while currently trading at $0.28 with a bullish movement towards the upper boundary of the channel. However, the seller may attempt to return to the market, but the bulls are likely to collect more on the price dips.

Chiliz Price Prediction: Chiliz Price Continues to Push Higher

The Chiliz price can only maintain the uptrend if the newly touched $0.26 support level is maintained at all costs. At the moment, the technical indicator Relative Strength index (14) is seen moving into the overbought region by creating more bullish signals, this could encourage more buyers to enter the market.

However, as long as the red line of the 9-day MA remains above the green line of the 21-day MA, the coin may continue to perform well, and the price of Chiliz may reach the resistance levels at $0.35, $0.37, and $0.39 respectively. More so, if the technical indicator decides to make a quick turn back below the 9-day and 21-day moving averages, there may be a quick bearish drop which may likely roll the market down to the support levels of $0.22, $0.20, and $0.18.

When compares with Bitcoin, Chiliz is trading well above the 9-day and 21-day moving averages as the price hovers at 1358 SAT. However, the technical indicator Relative Strength Index (14) remains within the overbought region as the market price continues to rise.

Moreover, as seen on the daily chart, the potential resistance level could be located at 1700 SAT and above but a lower sustainable move may likely cancel the bullish pattern which could attract new sellers coming into the market with the next focus on the support level of 1000 SAT and below.

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