The Chiliz price suffered rejection from the higher supply levels of $0.145 and slumped losing all the Intraday gains. In the second half of the session today, the crypto is trading near the previous day’s high.
Yesterday, the price witnessed a sharp upthrust after consolidating in the last few sessions. The bulls are in control of the trend which may assist the price to incline easily.
At the time of writing, Chiliz showed short-term buyers’ rejection with the CMP at $0.137 with an intraday decline of 0.68%. The 24-hour trading volume on major tradable exchanges are $145.6 Million with a 36.3% upsurge while the market cap stood at $1.2 Billion with a 2.33% upsurge.
Chiliz Crypto Long Term Trend Analysis
The price started from $0.06 level around October end 2023 and advanced steadily. The past price analysis shows that the battle between buyers and sellers dominated the daily chart. The major long-term outlook looks boldly bullish as per the traders and investors sentiment.
Chiliz Crypto Indicator Analysis
Chiliz price has surpassed the 20 and 50-Day EMA, suggesting a short-term bullish sentiment. Moreover, the CHZ crypto trades comfortably above the 200-Day EMA suggesting a bullish outlook in the long term as well.
At the time of writing, the RSI line was placed at 70.14 and is on the edge of the overbought zone. On the other hand, the 14-Day SMA line was 64.40 points above the mean line, suggesting a short-term positive outlook.
Chiliz Price Prediction February 2024
An optimistic perspective suggests that CHZ reached a high of $0.145, suggesting an upside potential of nearly 15% from the CMP. The bearish view of our analysts hope for the price to break below the recent support of $0.127 after which more downside levels of $0.125 and $0.120 are possible.
Chiliz Crypto Price Prediction 2024
The analysts have a wide range of price targets for the year 2024. The most optimistic view of analysts assumes the price could advance to a high of $0.21 suggesting a potential gain of 59.3% on the higher side. The lower price target for CHZ crypto is $0.182.
Chiliz Price Prediction 2025
On the most bullish observation, Chiliz crypto could gain a high of $0.33 in the year 2025. On the flip side, the most pessimistic view of our analysts is for the price to reach $0.241.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2024/02/27/chiliz-price-prediction-how-high-can-chz-crypto-jump-in-february/