Chiliz 2022 Support & Resistance Level Price Chart | Will CHZ Reach New ATH In 2023?

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Chiliz Price Prediction — Will CHZ Hit $0.5 Soon?
  • CHZ bullish price forecast is $0.2853 to $0.52.
  • CHZ price might reach $0.50 during the next bull market.
  • CHZ bearish market price forecast for 2022 is $0.1567.

For Chiliz’s (CHZ) 2022 price prediction, statistics, price patterns, RSI, RVOL, and other information about CHZ are used to analyze and forecast the future movement of the cryptocurrency.

Chiliz Current Market Conditions

As reported by CoinGecko, the price of Chiliz token is $0.184 with a 24-hour trading volume of $88,145,003 at the time of writing. The price of CHZ has increased nearly 6% in the last 24 hours.

Chiliz has a circulating supply of 5,344,064,580 CHZ. Currently, CHZ trades on several cryptocurrency exchanges including Binance, OKX, Bitget, Mandala Exchange, and CoinTiger.

What is Chiliz?

Chiliz is the digital currency of choice for blockchain-backed products and services in the sports and entertainment industry. Chiliz provides sports organizations with blockchain-based tools to help them engage with and monetize their fan base. CHZ tokens can also be used to purchase/exchange Fan Tokens through the consumer-oriented app, Socios.com.

Chiliz (CHZ) Price Prediction 2022

Chiliz holds the 96th position on CoinGecko as of this writing. The CHZ price prediction for 2022 is analyzed below with a daily time frame.

CHZ/USDT Descending Channel Pattern (Source: Tradingview)

A descending channel is a pattern that is formed from two downward trend lines drawn above and below the price. It indicates the resistance and support levels. A bearish pattern is defined by a trend line that supports a series of lower lows and a diagonal resistance level that connects lower highs.

Currently, CHZ is in the range of $0.185. If the trend continues, the price of CHZ might reach the resistance level of $0.3208. If the CHZ trend reverses, then the price may fall to $0.1567.

Chiliz Support Level and Resistance Levels

The chart below is showing the support and resistance level of CHZ.

CHZ/USDT Support and Resistance Level (Source: TradingView)

From the daily time frame, the resistance and support levels of CHZ are:

  • Resistance Level 1 – $0.2853
  • Resistance Level 2 – $0.3705
  • Resistance Level 3 – $0.4556
  • Resistance Level 4 – $0.5296
  • Resistance Level 5 – $0.6562
  • Support Level  – $0.1665

If a CHZ price starts moving up, it might run along with the bulls overtaking its resistance level at $0.2853.

However, if investors turn against the crypto, the price of the CHZ might plummet to almost $0.1665, a bearish signal.

Chiliz Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of CHZ is shown in the following chart. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. At this time, the RVOL of CHZ lies below the cutoff line, indicating weaker participants in the current trend.

CHZ’s Moving Average (MA) is shown in the chart. Currently, CHZ is in a bearish state. Chiliz price lies below the 50 day moving average, so it is completely in a downward trend. However, there is a possibility of a reversal trend of CHZ at any time.

Meanwhile, the relative strength index (RSI) of CHZ is at level 31.51. This means that CHZ is in a nearly oversold condition. This indicates a price reversal of CHZ may occur in the upcoming days. Traders need to trade carefully.

Chiliz Price Forecast 2022 — ADX, RVI

The Chiliz Average Directional Index (ADX) helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart shows the ADX of Chiliz. Currently, CHZ lies in the range of 51.06, so it indicates a very strong trend.

The Relative Volatility Index (RVI) measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CHZ lies above the 50 level, indicating that the direction of volatility is high. In fact, CHZ’s RSI is at the 31.51 level thus confirming a potential sell signal.

Comparison of CHZ with BTC, ETH

The following chart shows the price comparison between Bitcoin, Ethereum, and Chiliz.

BTC Vs ETH Vs CHZ Price Comparison (Source: TradingView)

The chart shows that the trends of ETH, BTC, and CHZ are moving at the same level. This indicates that when the price of BTC increases or decreases, the price of ETH and CHZ also increase or decrease respectively.

Price Forecast Conclusion

With continuous improvements in the Chiliz network, 2022 looks like a good year for CHZ. For this reason, the bullish price prediction for Chiliz in 2022 is $0.52. Conversely,  the bearish CHZ price prediction for 2022 is $0.15.

In addition, with the advancements and upgrades to the CHZ ecosystem, the performance of CHZ could help it to reach above its second resistance level of $0.3705 very soon. It might even reach $0.50 if investors believe that CHZ is a good investment in 2022.

FAQ

1. What is Chiliz?

Chiliz is a blockchain fintech provider for sports organizations, allowing fans around the world to stay in touch with their favorite sports teams and clubs.

2. Where can you purchase CHZ?

CHZ is listed on several crypto exchanges such as Binance, OKX, Bitget, Mandala Exchange, and CoinTiger.

3. Will CHZ reach a new ATH this year?

With the ongoing developments and upgrades within the CHZ platform, it has the possibility of reaching its ATH in 2022.

4. What is the current all-time high (ATH) of Chiliz?

On Mar 13, 2021, CHZ reached its all-time high (ATH) of  $0.8786 .

5. Is CHZ a good investment in 2022?

Chiliz (CHZ) seems to be one of the top cryptocurrencies. According to the recorded achievements of CHZ in 2021, CHZ is generally considered to be a good investment in 2022.

6. Can Chiliz (CHZ) reach $0.50?

Chiliz (CHZ) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Chiliz (CHZ) will hit $0.50 again.

7. What will be the CHZ price by 2023?

Chiliz (CHZ) price is predicted to reach $1.00 by 2023.

8. What will be the CHZ price by 2024?

Chiliz (CHZ) price is predicted to reach $1.80 by 2024.

9. What will be the CHZ price by 2025?

Chiliz (CHZ) price is predicted to reach $2.50 by 2025.

10. What will be the CHZ price by 2026?

Chiliz (CHZ) price is predicted to reach $3.20 by 2026.

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