Momentum

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>The CHZ token price reveals a massive surge and rose over 15% in the last three sessions.</a></li>
 <li><span>2</span> <a>Bulls have gained traction and look aggressive, eyeing on the $0.2000 mark to catch.</a></li>
</ul>
<p>Chilliz token (CHZ) witnessed a follow-on buying activity, registered a rising wedge breakout, and crossed the trendline of $0.1300. Since the start of 2024, the token has been delivering bullish momentum and has persisted in extending the gains. This week, a massive spike led sellers into trouble, and the token price is skyrocketing toward the upcoming hurdle of $0.2000.</p>
<p>CHZ token is trading in a bullish trend and glimpsing higher high swings for the past weeks. The price action resembles the bull accumulation and the investors’ willingness to raise the token toward $0.2000. The trend is intact and reveals follow-on buying action, which signifies the bulls’ dominance. Per the Fib retracement levels, the token has stayed above the 50% zone and is heading to the 61.8% zone.</p>
<p>The Chilliz token (CHZ) price was $0.1558 at press time, with an intraday gain of 2.09%, showing bullishness on the charts. Moreover, the trading volume has increased by 68.95% to $202.83 Million. CHZ token has a weekly return ratio of 12.30% and 48.95% on a monthly basis. The pair of CHZ/BTC is at 0.00000231 BTC, and the market cap is $1.34 Billion. Analysts are bullish and suggest that the CHZ token will continue to zoom the gains and may retest $0.2000 shortly.</p>
<h2 class="wp-block-heading" id="strong-chilliz-exhibits-breakout-will-chz-continue-to-zoom-gains-strong"><strong>Chilliz Exhibits Breakout: Will CHZ Continue To Zoom Gains?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdtXiKFLDBz-JGlTNhQT9iCT89keQqAjbOxI8Y_1vZN0IxMnvIOzMZD4iDzSQ7W9imvW6bg2xkb1QTinw_yW43E50D8rRYtgILdjro4kFoCpZG-rrouvGIOx6ytX47dNfbFS29wXVwUEAk-215TVxM?key=57Fo87boHeTZnLfkEnC1wg" alt="Chilliz ">
  <figcaption class="wp-element-caption">
   Source: CHZ/USDT By TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily charts, the Chilliz token (CHZ) price persisted in delivering a bullish rally and soared over 110% in the last three months. The technicals are reflecting the long buildup activity and are glimpsing a golden crossover on the charts. Afterward, the token continued to lift the gains and is witnessing a bounce from the demand zone of $0.07000.</p>
<p>The Momentum Indicator (RSI) curve floats in the overbought zone, signifying the positive outlook. Moreover, the MACD indicator shows a bullish crossover and suggests a continuation of the rally for the next sessions.</p>
<h3 class="wp-block-heading" id="strong-the-chz-price-reveals-rounding-bottom-formation-on-weekly-charts-strong"><strong>The CHZ Price Reveals Rounding Bottom Formation on Weekly Charts</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdqIUb30YgWebLsenX1Bhf_fohdqkphJFcdfHeiz5CBfZhK9jjuTHNLVVygn8AzdqbogKrZ1egHg-X-RFKkJcbx8Wx-NpW1NzkvpD9RyglKkbadf69FbxdKHq48Tc-SOwqJtM0lDDEkuSMjaK-VJg?key=57Fo87boHeTZnLfkEnC1wg" alt="Chilliz ">
  <figcaption class="wp-element-caption">
   Source: CHZ/USDT By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly charts, the token exhibited a rounding shape of recovery and has surpassed the significant moving averages depicting the buying momentum. Following the market surge, the CHZ token has gained strength and is replicating a massive bounce. The token has exceeded the $0.1500 with a strong volume and is glimpsing investor interest. CHZ token has moved out of the correction phase and may retain the bullishness.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2023/12/06/chilliz-price-prediction-will-chz-claim-0-10000-by-end-of-2023/" target="_blank" rel="noopener noreferrer nofollow">Chilliz token </a>(CHZ) price reveals a sharp rally and has witnessed bullish momentum for the past weeks. Moreover, the token is riding on a bullish track and will reach the $0.2000 mark soon.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.1420 and $0.1300</p>
<p><strong>Resistance Levels:</strong>$0.1600 and $0.1700</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Chilliz Flashed Breakout: Will CHZ Reclaim $0.2000 Amid a Surge?

Table of Contents

Thecoinrepublic.com

Other articles published on Mar 5, 2024

XPLA (XPLA) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Dogelon Mars (ELON) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

U.S. Air Force Seeks Industry Collaboration for AI-driven Command and Control in Contested Enviro...

Crypto Analyst Says Shiba Inu Price Is 100% Going To $0.0001, Here’s Why

Fetch.ai Secures Advanced GPUs Following $100 Million Infrastructure Investment

Bitcoin (BTC) Price Approaches All-Time High At $68,600, Further Rally Expected?

Join our free newsletter for daily crypto updates!