Chiliz price prediction for today, April 6 – CHZ technical analysis

adminApril 7, 2024

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Chiliz price predictions are above the $0.150 resistance level as the coin focuses on the $0.152 resistance level.

Expected Growth: CHZ price to surge 8.82% in next 5 days

Chiliz (CHZ) is currently trading at $0.150 and is up 7.43% over the last 24 hours. This performance stands out as CHZ outperforms the broader cryptocurrency market, which saw a 7.78% increase in overall market capitalization over the same period. CHZ also performed strongly against Bitcoin (BTC) today, posting a notable gain of 5.97% against the world’s largest cryptocurrency.

Chiliz Forecast Statistical Data:

Current Chiliz price – $0.150
Chiliz market cap – $1.3 billion
Chiliz distribution volume – 8.8 billion
Chiliz total supply – 8.8 billion
Chiliz CoinMarketCap Ranking – 83rd

CHZ/USD market

Main level:

Resistance levels: $0.19, $0.20, $0.21

Support levels: $0.11, $0.10, $0.09

Chiliz price prediction for today, April 6 - CHZ technical analysis — CHZUSD – daily chart

CHZ/USD is likely to hit a new high after touching the daily low of $0.139 and breaking $0.155, and is currently trading at $0.150, with a bullish move towards the upper boundary of the channel. Meanwhile, sellers may try to get back into the market, but bulls are likely to raise more money due to falling prices.

Chiliz Price Prediction: Chiliz Prices May Continue to Rise

Chiliz price can maintain its upward trend only if the newly touched $0.139 support level is maintained at all costs. For now, the 9-day moving average needs to remain above the 21-day moving average to generate more bullish signals that will encourage more buyers to enter the market.

Nevertheless, if the red line of the 9-day moving average stays above the green line of the 21-day moving average, the coin could continue to perform well and the Chiliz price could reach the resistance levels of $0.19, $0.20, and $0.21, respectively. . Moreover, if the market price decides to quickly move back below the 9-day and 21-day moving averages, there could be a quick bearish pullback that could push the market down to the support levels of $0.11, $0.10, and $0.09. .

CHZ/BTC has consolidated above its moving average.

Compared to Bitcoin, Chiliz price remains at 220 SAT and is trading well above the 9-day and 21-day moving averages. However, as the market price moves towards the top of the channel, buyers can increase the pressure.

Additionally, as seen on the daily chart, potential resistance levels could be located above 270 SAT, but a sustainable move lower could cancel the bullish pattern which could attract new sellers to the market with a focus on the next support level. 150 SAT or less.

However, @ygcrypto highlighted the current trading range of CHILIZ $CHZ to his over 24,000 followers on X (formerly Twitter). CHILIZ is hovering around $0.110 to $0.170, with no decisive breakout yet. Bulls aim for a break above $0.170, while bears aim for a break below $0.110. Today it is a game of waiting for clearer signals, emphasizing patience for potential entry or exit points. Are you optimistic about CHZ? 🐂

chiliz $CHZ Stuck in trading range 🌶️#chiliz It is cooling off in a trading range between ~$0.110 and ~$0.170. There is no clear breakthrough yet❗
The locations are: 💪
Maintains firm support, but resistance presents obstacles.
Bulls should push above ~$0.170 for a potential upside… pic.twitter.com/cI1G7U5a62
— YG Crypto (@ygcrypto) April 4, 2024

Chiliz Alternatives

Chiliz is showing bullish momentum, trading above the $0.150 resistance level with a growth rate of 7.43%, and could possibly face some downside. Chiliz staying above key moving averages could signal continued upward momentum. Despite CHZ’s well-established position with a market capitalization of $1.3 billion, the emerging Bitcoin Minetrix ($BTCMTX) token, which has surpassed $12.9 million in presales, presents a promising growth opportunity for investors.

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