Chiliz (CHZUSD) Resists The Sell Urge Amidst an Unclear Trend
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CHZUSD Analysis – Chiliz Trend Remains Unclear
Chiliz resists the sell urge amidst an unclear trend. The recent week has witnessed a power struggle between buyers and sellers in the Chiliz market. While the buyers attempted to push the price above the key level of $0.1200 earlier in April, the sell trend eventually took hold, hindering the initial demonstration. However, sellers have been unable to break below the significant level of $0.1610, as buyers continue to resist the sell urge.
CHZUSD Market Levels
Resistance Levels: $0.1200, $0.9720
Support Levels: $0.1600, $0.1670
In the past week, the Chiliz market has experienced a slow dive lower, reaching the key level of $0.1670. However, buyers have shown resilience and are currently fighting back, holding sellers at bay. This ongoing struggle between buyers and sellers reflects the unclear trend that Chiliz’s price finds itself in.
Analyzing the momentum indicator, it is evident that the market trend is currently stagnant and rigid. There have been no recent spikes in momentum, indicating a lack of clear direction. Additionally, the Moving Average crossing is trading tightly, further emphasizing the absence of a clear trend.
Market Expectation
Despite the uncertain market conditions, buyers are putting up a fight and could potentially push the price towards the key level of $0.1390. This level may serve as a significant resistance point for sellers. However, it is important to note that in the long-term trend, sellers hold more control over the market.
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