•CHZ/USD is currently priced at $0.12 and has increased by 5.09% over the past day
•The trading volumes have decreased by 27.54% over the past day
•The technical indicators suggest a bearish outlook for the near term
Short Term View: Chiliz Crypto Price continues its downward march
The Chiliz price today is $0.123863 USD with a 24-hour trading volume of $148,995,381 USD. Chiliz is up 5.09% in the last 24 hours. The trading volumes have decreased over the past day whereas the Volume to Market Cap Ratio stands at 0.1989 for the altcoin.
Chiliz Crypto has had a wicked past few months as the asset has been spiraling downwards since the beginning of November. The negative sentiment has brought with it huge losses for the altcoin as the Chiliz Crypto Price has moved below the 20,50 SMA on the four hour chart as a result. In the event of the continuation of the downtrend, the Chiliz Crypto bears would likely encounter support at $0.10 whereas a move past the $0.15 threshold level would spare the Chiliz Crypto investors some blushes.
Long Term View for Chiliz Crypto Price
The RSI for Chiliz Crypto is within touching distance of the oversold territory and is currently transacting at 31.62. The red histograms are showing no signs of slowing down and their continued presence on the daily chart offers no immediate respite yo the Chiliz Crypto investors. Moreover, the MACD and signal lines are also transacting deep in the negative territory which compounds the bulls’ worries.
Conclusion
Inspite of the slight gains witnessed today, the momentum is still firmly sided with the Chiliz Crypto bears. The dithering from the bulls gave the bears a gateway into the market and they have fully capitalized on the negative sentiment.
Support: $0.10
Resistance: $0.15
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/12/20/chz-price-analysis-chiliz-crypto-bears-douse-the-bullish-flame/