- Over the monthly chart, Chiliz Token is trading positively after experiencing good buying participation from the lower levels.
- On the daily chart, the token stands above its 200 day moving average, while failing to push through its 50 and 100-DMA lines.
- The CHZ/BTC pair is trading at 0.000005618 BTC with a loss of -4.94% over the last 24 hours. The ratio of CHZ/ETH is CMP at 0.00008535 ETH and it experienced an intraday dip of -0.37%.
Chiliz token faces rejection of its vital daily moving averages of 50 and 100-Day lines after a sharp recovery from the lower levels. The digital asset over the monthly chart is struggling near the robust moving average of 50 and 100-day lines. While placed above its 200-day moving average line and the volume activity is lower. Volume over the monthly chart is lower and needs to grow strongly in upcoming trading sessions.
CHZ, Bulls has to keep eyes above closing of the 50 and 100-DMA, with supportive volume action. The sustainability above 50 and 100-day lines will create another room for a bullish move with the supportive volume action. Support on the lower side is $0.2721 and $0.2485, whereas resistance on the higher side is $0.3298 and $0.3520.
Chiliz token over the weekly chart is trading under the solid bullish momentum
Chiliz token over the weekly chart is trading under the solid bullish momentum, with higher highs and lower lows. At the 4-hour time frame, the crypto asset is trading sideways, and the technical parameters are still flat. Meanwhile, the volume activity over the chart is average and needs to grow sharply to break out towards the higher levels. CHZ price is trading at $0.2945 with a falt action of intraday dip of -0.18%, and the volume to market cap ratio is 0.1806.
Relative Strength Index (NEUTRAL): Chiliz token RSI is trading on a flat note after testing the overbought or higher levels. The coin is currently trying to move towards the higher zone and CMP at 56.
Moving Average Convergence Divergence (MIXED): The daily chart indicates a mixed trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) and the seller’s line (red) overlaps.
Support levels: $0.2721 and $0.2485
Resistance levels: $0.3298 and $0.3520.