Chilliz crypto had given a breakout from a falling trendlyne recently and now it is retesting that level.
In this article, we will look at CHZ crypto price prediction along with weekly analysis and news roundup.
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CHZ Crypto Current Price Analysis
- Price: $0.0767
- Market Cap: $672 million
- 24-Hour Trading Volume: $44.6 million
- Circulating Supply: 8.89 billion CHZ
- Total Supply: 8.89 billion CHZ
The price has broken the falling wedge chart pattern. Currently, it is testing out the wedge resistance trendline. A successful test would serve as a bullish confirmation.
Weekly Price Analysis
The crypto coin has shown a downtrend in recent week and now at the upper edge of the falling trendlyne and has taken support from that level.
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- 7-Day High: $0.08
- 7-Day Low: $0.07
- Percentage Change: -3.94% over the past week
News Roundup
- Legal Issues: Chiliz faces a $10 million lawsuit from a former employee.
- Market Expansion: Continues to partner with major sports teams and organizations.
- Technological Developments: Ongoing upgrades to the Chiliz network to enhance user experience and security.
Indicators
- Relative Strength Index (RSI): 45, neither overbought nor oversold.
- Moving Average Convergence Divergence (MACD): MACD line at -0.002, signal line at -0.001, indicating a slight bearish trend.
- Bollinger Bands: Upper band at $0.08, lower band at $0.075, with CHZ’s price near the lower band, indicating potential volatility.
- 50-Day Moving Average: $0.078
- 200-Day Moving Average: $0.073
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