• Chiliz (CHZ) is currently trading at $0.12 and is facing key resistance at $0.13.
• The Chiliz price has been trading above the 9-day and 21-day moving averages.
• The technical indicator Relative Strength Index (14) crosses above the 50-level, suggesting an uptrend.
The Chiliz price prediction reveals that CHZ is facing key resistance at $0.13 as the market price may gain more upsides. At the time of writing, the Chiliz price is ranging, and the coin is likely to break to the upside to gain more uptrends. Chiliz is a digital currency designed to support fan engagement in the sports and entertainment industry. It is a utility token used on the Chiliz platform, which helps sports and entertainment fans purchase and trade digital assets related to their favorite teams and organizations.
Chiliz (CHZ) is currently trading at $0.12 and is facing key resistance at $0.13. The Chiliz price has been trading above the 9-day and 21-day moving averages. The technical indicator Relative Strength Index (14) crosses above the 50-level, suggesting an uptrend. The Chiliz market cap stands at $797.5 million with a circulating supply of 6.6 billion CHZ and a total supply of 8.8 billion CHZ.
Should CHZ/USD spike below the 9-day and 21-day moving averages, the critical support levels of $0.042, $0.032, and $0.022 may be tested. On the other hand, if the market gains more momentum, CHZ/USD may touch $0.220, $0.240, and $0.260 resistance levels.
In order for the Chiliz price to reach its all-time high of $0.33, the coin needs to break the current resistance levels and maintain a steady uptrend. Investors should keep an eye on the market for possible uptrends as the coin may experience some volatility in the near future. Furthermore, the coin is expected to gain more traction as it gains more adoption in the sports and entertainment industry.
