Chiliz Price Prediction: CHZ Soars 19% as Latest GameFi Platform Closes at $7 Million

adminJanuary 18, 2024

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The price of Chiliz has surged nearly 23% in the last 24 hours. Traded for $0.106 As of 7:18 a.m. EST, trading volume had surged 345% to $244 million.

Chiliz price maintains bullish momentum with a breakout pattern

Chiliz price analysis. Source: Trading.com

The bulls appear to be gaining control as Chiliz price crossed the $0.095 resistance level and formed a cup and handle pattern. This usually indicates a continuation of the upward trend.

The price retracement of the resistance level allowed the bulls to break above the neckline of the pattern, using the $0.074 support level as a starting point.

This breakout establishes a solid support area at $0.095, giving the bulls significant strength.

Currently, the price of Chiliz is trading above the 50-day simple moving average (SMA), showing a short-term reversal. Chiliz’s 200-day moving average is slowing, indicating a strong trend. Moreover, the golden cross at $0.072 confirms the bullish momentum of the CHZ price.

Currently trading near the overbought zone of 68, the Relative Strength Index (RSI) indicates a gradual upward movement from the oversold level of 30 and strong buying pressure above the 50 midline.

Chiliz Price Still Remains Bullish, Bulls Mark $0.13 Target

Chiliz is experiencing bullish momentum. The bulls are targeting a potential surge towards the $0.13 point, a distance equivalent to the depth of the cup.

However, if the target is achieved, bears may exert downward pressure during the correction phase. In this case, the $0.095 support zone would be a better regrouping landing point in such a scenario.

As Chiliz continues to show promise, major players in the industry are accumulating Meme Kombat tokens (MK) ahead of its official launch, which experts say has ten-fold potential.

Meme Kombat Reaches $7 Million in Funding, Achieves $8 Million Goal

meme combat The pre-sale raised more than $6.9 million as investors rushed to bag the remaining tokens. Discount rate of $0.279 Before pre-sales reach the target soft cap of $8 million.

Currently in Phase 10, the presale is targeting a hard cap of $10 million.

We just want to highlight some key points from this report. $MK Pre-sale:
➡️ We have a hard cap of $10 million. The next milestone, as stated on the website, is $8 million.
➡️ Pre-sale stage 10 has been reached. That means the price is $0.279.
— Meme Kombat (@Meme_Kombat) January 16, 2024

Join Meme Kombat and earn passive income

Nana Combat A gaming platform that rewards active betting and passive staking. Merge GameFi with meme characters so players can engage in battles featuring their favorite memes.

Meme Kombat aims to be one of the best fighting games in the market, especially in the web3 gaming space⚔️
What is your favorite fighting game of all time? pic.twitter.com/zlbIjXz3AW
— Meme Kombat (@Meme_Kombat) January 14, 2024

You can join Kombat Season 1 as 11 memes compete for the top title. Players can receive significant rewards if their chosen character wins.

The platform will introduce Meme Kombat NFTs with a visually appealing design. These NFTs promise significant utility in MK Season 2 and offer a unique blend of art and functionality.

Additionally, you can stake your earned MK tokens to ensure a guaranteed Annual Percentage Yield (APY) of 136%. Over 29 million tokens have been staked, accounting for 79% of all tokens from over 9,000 stakers.

4 hours to price $MK It goes up to $0.268⏰.
While you’re at it, take a look at some of the major purchases that came in over the past day. One costs a whopping $84,000 and the other costs $20,000🎉 pic.twitter.com/tsGsvuPujG
— Meme Kombat (@Meme_Kombat) December 28, 2023

Crypto analyst and YouTuber Austin Hilton recently introduced the Meme Kombat project, providing insight into purchasing and staking tokens for profitable returns.

To purchase MK tokens, please visit the following site: Meme Kombat Official WebsiteConnect your Web 3 wallet and exchange ETH, USDT or BNB for MK tokens.