CHZ/USD Bracing up as Price Targets $0.250 Level

The Chiliz price prediction shows that CHZ manages to maintain its position as the bulls maintain the desire to shoot to the upside.

Chiliz Prediction Statistics Data:

• Chiliz price now – $0.218
• Chiliz market cap – $1.2 billion
• Chiliz circulating supply – 6 billion
• Chiliz total supply – 8.8 billion
• Chiliz Coinmarketcap ranking – #35

CHZ/USD Market

Key Levels:

Resistance levels: $0.300, $0.320, $0.340

Support levels: $0.140, $0.120, $0.100

After being locked below the 9-day and 21-day moving averages, CHZ/USD still undergoes a much-needed break to the positive side by posting a tremendous gain of over 1.55%, with the coin trying to cross above the 9-day and 21-day moving averages.

Chiliz Price Prediction: Where will CHZ Price Go Next?

The Chiliz price may continue with the bullish movement after touching the daily high of $0.234 during the European session today. The coin is now roaming around the 9-day moving average to continue a movement toward the resistance level of $0.250. Looking at the daily chart, traders can see the trading volume is rising as this may cause the bulls to increase the buying pressure.

On the other hand, if CHZ /USD decides to stay under the control of bears, the price may likely fall below the lower boundary of the channel which could hit the supports at $0.140, $0.130, and $0.120. But as the Relative Strength Index (14) moves around the 50-level, crossing above this level may cause the coin to reach the potential resistance levels at $0.0.140, $0.120, and $0.100 respectively.

Against Bitcoin, the Chiliz (CHZ) begins to spike north as the coin moves above the 9-day and 21-day moving averages. On the contrary, if the sellers step back into the market, CHZ/BTC could fall towards the nearest support level of 1200 SAT while the critical support level could be located below the lower boundary of the channel at 850 SAT and below.

However, as the coin heads to the upside, any bullish movement, the coin may cross above the upper boundary of the channel which could find the resistance level of 200 SAT and above. Meanwhile, the coin is currently changing hands at 850 SAT and below as a spike in volatility may occur but the Relative Strength Index (14) is likely to cross above the 60-level.

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