CHZ/USD Could Hit $0.200 Resistance

The Chiliz price prediction shows that CHZ begins with a steady increase above the $0.160 resistance. It is currently rising and might rally further toward the $0.200 level.

Chiliz Prediction Statistics Data:

• Chiliz price now – $0.169
• Chiliz market cap – $1.0 billion
• Chiliz circulating supply – 6.1 billion
• Chiliz total supply – 8.8 billion
• Chiliz Coinmarketcap ranking – #42

CHZ/USD Market

Key levels:

Resistance Levels: $0.275, $0.295, $0.315

Support Levels: $0.100, $0.080, $0.060

CHZ/USD looks green today as the price hovers above the resistance level of $0.0160. A daily close above the $0.170 level may increase the Chiliz price to the resistance level of $0.200. However, traders should note that a consistent price increase may bring more buyers into the market as bulls increase their positions.

Chiliz Price Prediction: Chiliz Price May Begin to Move Higher

According to the daily chart, if the Chiliz price crosses above the 9-day moving average, it is likely to break above the 21-day moving average. On that note, the daily chart also reveals that if the 9-day moving average crosses above the 21-day moving average, it will confirm the presence of the bulls in the market.

Meanwhile, if the bulls failed to push the coin to the upside, the bears may take advantage and bring the market price below the lower boundary of the channel. However, the technical indicator Relative Strength Index (14) crosses above the 40-level. If the Chiliz price rises and stays above the 9-day moving average, heading toward the upper boundary of the channel could locate the resistance levels at $0.275, $0.295, and $0.315 but sliding below the lower boundary of the channel may bring the price to the supports at $0.100, $0.080, and $0.060.

When compares with Bitcoin, the Chiliz price is hovering around the 9-day moving average as the intraday trading is ranging. The coin could move towards the 21-day moving average, which may likely hit the resistance level at 1500 SAT and above.

On the contrary, if the sellers bring the market to the south, traders can expect a fall below the lower boundary of the channel, breaking below this barrier may locate the support at 600 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) remains above the 40-level, suggesting more bullish signals in the market.

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