Chilliz price showed a rebound and is healed from the bottom mark of $0.5400 in the past few sessions. CHZ token price showed a trend reversal, initiating a setback following the crypto market pump. The technicals show that CHZ crypto has attained momentum and surpassed the 200-day EMA. However, CHZ price is close to the immediate hurdle of $0.08500, which buyers are targeting.
Chilliz price gained strength and revealed buying momentum over the past sessions. Moreover, the technicals display that the CHZ token has ended its correction, and higher highs were noted on the charts. Additionally, the token has sustained the gains above the key moving averages. Furthermore, the token is close to the make or break zone of $0.08500, which, if surpassed, CHZ token may sharply spike toward the swing of $0.09000 and reach $0.10000 soon.
The live price of the Chilliz token is $0.08237, with an intraday gain of 5.46%, showing bullishness on the charts. Moreover, the trading volume increased by 12.41% to $107.77 Million. However, the pair of CHZ/BTC is at 0.00000188 BTC, and the market cap is $696.85 Million. Analysts have maintained a bullish rating and suggest that CHZ crypto may continue to outperform in the upcoming sessions.
Will CHZ Price Succeed to Escape $0.08500?
On the daily chart, Chilliz price has approached neutrality and is looking to enter the bullish trajectory above the immediate neckline of $0.08500. Moreover, the price action highlights the bulls’ dominance. It shows that buyers have persisted in accumulating the token and are attempting to breach the prompt hurdle to redirect the gains toward the round mark of $0.10000.
The RSI curve stayed in the overbought zone and showed a positive divergence, indicating a favorable bullish outlook for the upcoming sessions.
The MACD indicator showed a bullish crossover and formed green bars on the histogram, suggesting outperformance for the following sessions.
Weekly Charts Displays Bottom Formation
On the weekly chart, CHZ price healed from the bottom zone of $0.05500 and surpassed the 20-day EMA in the past few sessions. Moreover, the buyers are targeting to breach the swing mark of $0.08500 to settle the paws and are looking to skyrocket the Chilliz token.
Summary
Chilliz price (CHZ) displays a recovery and is close to breaching the immediate hurdle of $0.08500 to reach the swing high of $0.10000. Furthermore, buyers are looking aggressive and have been dominant over the past few sessions.
Technical Levels
Support Levels: $0.08400 and $0.082000
Resistance Levels: $0.08800 and $0.100000
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
Source: https://www.thecoinrepublic.com/2023/12/06/chilliz-price-prediction-will-chz-claim-0-10000-by-end-of-2023/