Chiliz
CHZ Price Analysis: Chiliz Crypto Price goes through upheaval
•CHZ/USD is currently priced at $0.16 and has decreased by 6.12% over the past day
•The trading volumes have increased by 97.15% over the past day
The technical indicators suggest a bearish outlook for the near term
Short Term View: Will the Chiliz Crypto Price recover from the setback?
The Chiliz crypto price today is $0.163267 USD with a 24-hour trading volume of $299,762,668 USD. Chiliz crypto is down 6.12% in the last 24 hours. The trading volumes have increased over the past day whereas the Volume to Market Cap Ratio stands at 0.2977 for the altcoin.
Chiliz Crypto is currently transacting significantly below its all time high of $0.8915 which it reached on Mar 13, 2021. Since then, it has been a tale of lost causes for the altcoin as it has struggled to regain its former self. Currently, it is in the middle of a downtrend as the dodgy sentiment has led to the Chiliz Crypto Price transacting below the 20,50 SMA on the four hour chart. The support for the asset resides at $0.10 which the bulls will need to defend with gusto. In the event of a trend reversal, the breach of the $0.20 will breathe a new life in the altcoin.
Long Term View for Chiliz Crypto Price
The RSI for Chiliz Crypto is currently on a downward trajectory and is currently transacting at 38.70. The presence of the seemingly everlasting red histograms on the daily chart reinforce the bearish belief as the bulls seem to have thrown out the pram. The MACD and signal lines are also transacting deep into the negative zone which can only be viewed as a negative signal for the Chiliz Crypto investors.
Conclusion
Chiliz Crypto has been slipping on a downward trajectory for the past week as the sellers have come in in large numbers. The technical indicators suggest a bearish outlook for the near term as a result.
Support: $0.10
Resistance: $0.20
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
