Chiliz (CHZ/USD) To Start Trending up From $0.120

The Chiliz market took a while to consolidate around the $0.120 price level before attempting to break the deadlock. Unfortunately, the bull market was cut short around the $0.140 price level, and this resulted in a price retracement over the space of three days. By April 21, the market was back to the key support level, which is at $0.012. From here, the bulls became active again, and they are taking the market. The $0.140 price level might be the next stop.

CHZ/USD Price Statistics

• CHZ/USD Price Now: $0.1257
• CHZ/USD Market Cap: $869,317,765
• CHZ/USD Circulating Supply: 6,938,646,158 CHZ
• CHZ/USD Total Supply: 8,888,888,888
• CHZ/USD CoinMarketCap Ranking: #56

Key Levels

• Resistance: $0.140, $0.150, and $0.160
• Support: $0.11, $0.12, and $0.13

Price Prediction for Chiliz: Indicators’ Point of View

The Chiliz market is on a bullish price recovery, and this could be the best time for investors to take a long position since the indicators are showing the progressive activities of bulls in the market. Although the market is still in the sell zone, the selling pressure is reducing and the bulls are catching up. The price is almost reaching the 20-day moving average. Crossing the 20-day moving average will be the first milestone to confirm the market’s bullish trend.

CHZ/USD 4-Hour Chart Outlook:

According to the Bollinger Bands indicator of the 4-hour outlook, the market is already bullish, but the relatively low volume of trade and market volatility seem to be slowing down the progress of the bull market. The price channel is beginning to move in an upside direction, but the market has to push through massive resistance. The Chiliz market, in previous market sessions, has been known to have slow and steady bull markets. The first possible target for the traders might be the $0.140 price level.

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