Chiliz

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Chiliz’s price took major rejection at $0.178 and decreased by 9.74% over the last month trading beneath the major EMA’s.</a> </li> 
 <li> <span>2</span> <a>The price of the Chiliz is trading at $0.05907100 and the 52-week range is between $0.05506200 – $0.17870000.</a> </li> 
</ul> 
<p>Chiliz is a digital currency for sports and entertainment by a FinTech company from Malta. It runs Socios, a platform that lets users have a say in their favorite sports brands. Users can buy fan tokens from Socios.com and vote on club matters such as the captain’s armband message.&nbsp;</p> 
<p>Chiliz helps sports clubs and associations connect with their fans and make more money. Chiliz works with many big names in sports, such as FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also has deals with the UFC and gaming groups. Fans can buy CHZ to get fan tokens and own a part of their club.</p> 
<p>Chiliz fell by 0.45% in market value and by 12.99% in trading volume in the last 24 hours, as per CoinMarketCap which is a crypto data website. Its market value is $436,401,377 and its trading volume is $26,538,819. There are 7,406,079,839 CHZ in circulation which is the amount of CHZ coins that are circulating in the market and in public hands.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-chz-on-1-d-timeframe-strong"><strong>Technical Analysis of CHZ on 1-D TimeFrame</strong></h2> 
<p>Chiliz price is falling and facing strong resistance at $0.17870000. It made lower highs and lows and descended extravagantly. On observing the charts in detail, it is seen that an extreme selling scenario in CHZ price is present.</p> 
<p>Chiliz price is now at $0.05907100 and the price facing resistance from EMAs and from a downward trendline.</p> 
<p>Chiliz price could ascend more if it breaks EMAs one by one. If more buying volume adds up, then the price might conquer rejecting EMAs and surpass the trendline by making higher highs and lows. Then, the next probable resistance levels could be $0.07000000 and $0.7500000, based on the previous highs and lows.</p> 
<p>The Chiliz price drops further it fails to break the current resistance and keeps falling. The next support levels could become $0.05000000 and $0.04500000.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="566" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-611-1024x566.png" alt="" class="wp-image-169841" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-611-1024x566.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-611-300x166.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-611-768x424.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-611-750x414.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-611-1140x630.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-611.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CHZ/USD.1D.BITFINEX by TradingView
  </figcaption>
 </figure>
</div> 
<p>At the time of publishing, the Chiliz price (CHZ) is trading below the 20, and 50-day EMAs (exponential moving averages), rejecting the Chiliz price trend.&nbsp;</p> 
<p>The MACD line 0.00163554 and the signal line 0.00226373 are below the zero line and both lines crossed each other multiple times but the histogram width is lean in the MACD oscillator, highlighting traits of lack of momentum in the CHZ crypto’s market. The current value of the RSI is 45.48 points and the 14-day SMA is below the median line at 36.10 points indicating neutral to bearish sentiment. Combiningly, the indicators tools outlook is neutral to bearish.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The <a href="https://www.thecoinrepublic.com/2023/08/30/crypto-indexes-shaping-the-future-of-cryptocurrency-investing-and-market-stability/" target="_blank" rel="noreferrer noopener">Chiliz price prediction </a>shows a neutral to bearish outlook from investors and traders in the daily time frame. CHZ price action reveals a neutral to downward trend at the time of writing. Moreover, the daily chart shows the CHZ price trend is bearish, as the technical indicators suggest. The RSI, EMA, and MACD highlight that the CHZ price may either stay in a range or continue to decline.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels: </strong>$0.05000000 and $0.04500000</li> 
 <li><strong>Resistance levels: </strong>$0.07000000 and $0.7500000</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Chiliz Price Forecast 2023: Can CHZ Thrust to $1 and Surpass it?

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