CHZ Crypto to move up: CHZ crypto price prediction

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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
Chz Crypto Current Price Analysis

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 CHZโ€™s price near the lower band, indicating potential volatility.
  • 50-Day Moving Average: $0.078
  • 200-Day Moving Average: $0.073

For on-demand analysis of any cryptocurrency, join ourย Telegram channel.

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Harsh Panghal
Harsh Panghal

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