The Chiliz price prediction shows that CHZ heads to the south as the coin may likely reclaim the losses if the bulls step back.
Chiliz Prediction Statistics Data:
- Chiliz price now – $0.185
- Chiliz market cap – $1.1 billion
- Chiliz circulating supply – 6 billion
- Chiliz total supply – 8.8 billion
- Chiliz Coinmarketcap ranking – #45
Resistance levels: $0.26, $0.28, $0.30
Support levels: $0.13, $0.11, $0.09
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CHZ/USD is moving bearishly as the sellers are dominating the market. Presently, the Chiliz price continues to move below the 9-day and 21-day moving averages as the trend is bringing a bearish inclination. Looking at the technical indicator, the Relative Strength Index (14) moves below the 40-level, and the signal line heads to the south.
Chiliz Price Prediction: Would Chiliz Move Upward?
According to the daily chart, the Chiliz price may continue to face the downtrend, but the best bulls can do is to bring the coin back above the resistance level of $0.19 and focus on pushing the price toward the upper boundary of the channel. However, CHZ/USD is making an effort to push the price back to the upside, and it is also looking forward to reclaiming the ground past $0.19 in the next positive direction.
Meanwhile, with an increase in buying pressure, the price may break above the 9-day and 21-day moving averages to hit the nearest resistance level at $0.20. While trading at this level, a bullish continuation could reach the resistance levels of $0.26, $0.28, and $0.30 respectively. However, if the coin decides to follow the negative side, a minimum swing could bring the price to a $0.16 support level. Exceeding this level could take the price to the support levels of $0.13, $0.11, and $0.09.
Against Bitcoin, the Chiliz price also remains below the 9-day and 21-day moving averages as the price heads to the negative side. According to the recent negative sign, the trend may likely follow the downtrend if the buyers failed to push the price to the upside.
However, as the technical indicator Relative Strength Index (14) trades below the 40-level, any further downtrend below this level could lower the price to the support level of 700 SAT and below, once it moves out of this zone, the market price may likely begin an upward trend which could push the coin towards the resistance level of 1300 SAT and above.
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