Can Chiliz Crypto Price Reach Upper Levels & Spike Soon?

The CHZ crypto asset is demonstrating bullish strength and upward momentum as it hovers above the 20 and 50-Day EMAs.

The Chiliz crypto asset is exhibiting bullish strength as MACD is above zero line with a broad histogram equipped bullish crossover. The RSI is above 50 and took support on 14 SMA, implying that the CHZ asset is still in positive territory and can push further up.

Furthermore, the CHZ crypto asset is displaying bullish qualities and shows that it can advance further. It went up last week, month, and three months, by 20.11%, 13.36%, and 62.22% respectively, implying a steady upward movement.

As per the price action, the crypto price has been struggling to sustain above the supply level. An upmove may occur contingent on the buyers’ action post which the price could reclaim upper levels.

At the time of publishing, the CHZ crypto had declined 1.75% in the last 24 hours, trading at $0.1066.

Since then, the CHZ crypto has shown a sign of comeback as the price recovered from a key level of around $0.0700 on the charts.

The CHZ crypto seems like is getting ready for a massive surge, as it builds up strength to blast through the price barrier levels and skyrocket to new levels from the current demand zone.

Therefore, if the demand for the Chiliz remains high, the asset price could bounce back from the current level. Then the next goal for the CHZ price is to reach $0.1400.

However, if the CHZ crypto price fails to stay above the $0.1050 level, it could decline further.

Summary

CHZ price highlights the bullish sentiments and perspectives regarding the crypto asset in the daily time frame. The Chiliz price action highlights a bullish view at the time of publishing, as it recently attempted to surge from a pivotal level. 

Moreover, the technical parameters of the Chiliz price suggest the continuation of the uptrend, reliant on the buyer’s surge, over the daily time frame chart. The RSI, and EMAs suggest and portray bullish gestures regarding the CHZ price.

Therefore, if the demand for the Chiliz remains high, the asset price could bounce back from the current level. Then the next goal for the CHZ price is to reach $0.1400.

Technical Levels

Support Levels: $0.1050

Resistance Levels: $0.1400

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.