Chiliz (CHZUSD) Bulls Energize for a Fresh Push Higher
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Chiliz Price Analysis – CHZUSD Prepares for Fresh Move
Chiliz is making a comeback after taking a breather, with buyers stepping back into the market following a brief slip to the $0.0460 significant level. After a long bearish streak, the bulls regained traction at the $0.0320 level, marking a pivotal turnaround. The recent pullback appears to have re-energized the market, with traders now anticipating a stronger bullish rise.
CHZUSD Key Levels
Support Levels: $0.0460, $0.0320
Resistance Levels: $0.0500, $0.0600 
The RSI (Relative Strength Index) indicates consistent buildup, signaling that buyers are gaining confidence. Alongside this, the Momentum indicator reflects growing bullish strength, suggesting the market is preparing for further upward movement. Chiliz has shown signs of a steady recovery, with buyers stepping up their activity after consolidating around the $0.0460 key level. The price has been attempting to climb higher, with bullish sentiment gradually building.
The RSI shows a consistent upward trend, suggesting that buying pressure is increasing. Similarly, the Momentum indicator reflects a rising market, confirming that the bulls are regaining control. If the current trajectory persists, CHZUSD could target the $0.0500 resistance level next, with $0.0600 as a potential higher target.
However, traders should monitor the $0.0460 support level, as any failure to sustain bullish traction could lead to a temporary pullback. The outlook for CHZUSD remains positive, with the bulls working to solidify their position. A successful push above $0.0500 would confirm the continuation of the bullish recovery, opening the door to further gains toward $0.0600.
Traders should watch the RSI for further signs of momentum buildup and the Momentum indicator for confirmation of the market’s upward strength. Support levels, especially $0.0460, will be critical to preserving the bullish structure if the market encounters resistance.
Market Expectation
On the short-term chart, Chiliz demonstrates a gradual upward climb, with buyers forging ahead after the recent pullback. The RSI confirms that buyers are firmly building strength, while the Momentum indicator shows a steady rise, reflecting growing bullish confidence.
The market appears poised to challenge the $0.0500 resistance level, with a potential breakthrough paving the way for more significant gains. Traders should remain cautious of resistance near this level but can look for opportunities as the bulls aim to maintain their upward momentum.
You can purchase Lucky Block here. Buy LBLOCK
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
