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front pageToday's NewsChiliz Price Prediction Today: April 6 – CHZ Technical Analysis

Chiliz Price Prediction Today: April 6 – CHZ Technical Analysis

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Chiliz price broke the USD 0.150 resistance level and focus is on the USD 0.152 resistance level.
Expected Growth: CHZ price is expected to increase by 8.82% in the next 5 days
Chiliz (CHZ) is currently trading at $0.150, having gained 7.43% in the past 24 hours. This performance has seen CHZ outperform the entire cryptocurrency market, which has gained 7.78% in total market capitalization over the same period. Additionally, CHZ has shown strong momentum against Bitcoin (BTC) today, posting a gain of 5.97% against the world’s largest cryptocurrency.
Chiliz Forecast Statistics:
Chiliz current price – $0.150
Chiliz Market Cap – $1.3 billion
Chiliz Circulating Supply - 8.8 billion
Chiliz Total Supply - 8.8 billion
Chiliz Coinmarketcap Ranking – 83rd
CHZ/USD Market
Key Levels:
Resistance Levels: $0.19, $0.20, $0.21
Support Levels: $0.11, $0.10, $0.09
CHZUSD - Daily Chart
CHZ/USD has the potential to hit a new high after hitting a daily low of $0.139, break through $0.155, and is currently trading at $0.150 with an upward trending movement to the upper border of the channel. Meanwhile, sellers may try to return to the market, but buyers may collect more on price pullbacks.
Chiliz Price Prediction: Chiliz price may continue to rise
Chiliz price can maintain its uptrend only if the newly touched support level of $0.139 is firmly maintained. Currently, the 9-day EMA might need to remain above the 21-day EMA to generate more bullish signals, which could encourage more buyers to enter the market.
Nonetheless, if the 9-day EMA red line remains above the 21-day EMA green line, the coin may continue to perform well and the price of Chiliz may reach the $0.19, $0.20, and $0.21 resistance levels respectively. Additionally, if the market price decides to quickly turn below the 9-day and 21-day moving averages, a quick bearish decline may occur that may push the market towards the $0.11, $0.10, and $0.09 support levels.
CHZ/BTC consolidates above moving averages
Compared to Bitcoin, Chiliz price is trading above the 9-day and 21-day moving averages with the price around 220 SAT. However, as the market price moves towards the upper boundary of the channel, buyers are likely to increase the pressure.
CHZBTC - Daily Chart
Additionally, looking at the daily chart, a potential resistance level could be located at 270 SAT and above, but a sustainable move lower might invalidate the bullish pattern which could attract new sellers into the market and place the next focus on the support level of 150 SAT and below.
However, @ygcrypto highlighted to his 24k+ followers on X (formerly Twitter) the current trading range of CHILIZ $CHZ. CHILIZ is consolidating between ~$0.110 and ~$0.170 with no clear breakout seen yet. Bulls are eyeing a breakout above $0.170 while bears are targeting a break below $0.110. For now, we need clearer signals, emphasizing patience for potential entry or exit points. Are you bullish on CHZ?
CHILIZ
$CHZ
Consolidating in a trading range ️
#ChiliZ
It is consolidating between ~$0.110 and ~$0.170. No clear breakout has occurred yet❗
This is the situation:
Support remains solid but resistance is holding back gains.
Bulls need to break above about $0.170 to have a chance of rising…
pic.twitter.com/cI1G7U5a62
— YG crypto (@ygcrypto)
April 4, 2024
Chiliz alternatives
Chiliz is showing bullish momentum as it trades above the $0.150 resistance, growing 7.43% and could face a minor correction. Keeping Chiliz above key moving averages could signal continued upward momentum. Despite CHZ’s established position in terms of market cap, reaching $1.3 billion, the emerging Bitcoin Minetrix ($BTCMTX) token, which exceeded $12.9 million in presale, offers a promising growth opportunity for investors.
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Related News
The Next Crypto to Break Out - Friday April 5 - LCX, Realio Network, Chiliz
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