Chiliz Price Prediction for Today, October 12 – CHZ Technical Analysis

Chiliz price prediction shows that CHZ could trigger an uptrend if the market stays above the upper boundary of the channel and touches the $0.080 resistance level.

Chiliz Prediction Statistical Data:

• Chiliz Price Now – $0.072
• Chiliz market capitalization – $652.5 million
• Circulating supply of Chiliz – 9.12 billion
• Total Chiliz supply – 9.12 billion
• Chiliz Coinmarketcap Ranking – #104

It’s often recommended to get involved in crypto projects as early as possible, and the Chiliz (CHZ) we’re looking at has had quite the journey. Since its all-time low of $0.004001 on September 27, 2019, this token has surged an impressive 1,690.69%. Although it is currently far from its all-time high of $0.8915, reached on March 13, 2021, it remains a project with growth potential. Over the last 24 hours, its price fluctuated between a low of $0.06824 and a high of $0.07189. Although it is still down 91.96% from its high, the token’s historical performance shows that early entry can lead to significant returns.

CHZ/USD Market

Key levels:

Resistance Levels: $0.090, $0.095, $0.100

Support Levels: $0.050, $0.045, $0.040

CHZ/USD has recently experienced increased volatility following its listing on Upbit in late September. This is happening in a relatively bullish market, with a significant price rise occurring earlier today. This spike is linked to positive news from Binance, which attracted the attention of many traders. Taking into account both technical and fundamental factors, this analysis explores whether CHZ can maintain this momentum and potentially break through key resistance levels.

Chiliz Price Prediction: CHZ Price Could Head Upward

From a technical perspective, CHZ is currently consolidating within a specific price range, with the most important resistance level located at $0.072. This level has proven to be a significant psychological and technical barrier in the past, most notably on September 27 when CHZ first approached it. Resistance at this level is reinforced by strong trading volume, making it a critical price to watch. If CHZ breaks through this resistance, the token could see further upward momentum.

However, if the market price breaks the lower boundary of the channel, Chiliz price could fall back to the $0.060 support. Once this is factored in, a bearish extension could bring the coin back to the long-term support levels of $0.077, $0.072, and $0.067. Moreover, if the price starts to respect the upward movement, then traders can expect a bullish continuation above the upper boundary of the channel. Therefore, as the 9-day MA remains above the 21-day MA, the next resistance levels could lie at $0.090, $0.095, and $0.100, respectively.

CHZ/BTC begins upward movement

Against Bitcoin, buyers are currently dominating the market while Chiliz price continues to show promising signs that it could reach higher highs above the upper boundary of the channel. On the upside, the nearest resistance level lies at 130 SAT and the highest resistance lies at 140 SAT and above.

Meanwhile, on the downside, the nearest support level could be located at 100 SAT, and if the price drops further to create a new low, lower support could be located at 080 SAT and below. The 9-day moving average remains above the 21-day moving average, showing that the bulls are still in focus.

However, @cryptclay, in a recent analysis shared with his 20,000+ followers on X (formerly Twitter), highlighted that $CHZ has bounced off a key confluence zone and the bottom of a descending accumulation pattern. He noted that the coin looks promising, with a -95.5% correction now complete, which is typical for most coins during a bear market.

#CHZ/USDT$CHZ bounced off the confluence of the key zone + bottom of the descending accumulation👀

The room looks awesome!

-95.5% The correction is carried out (classic for the majority of coins in bear markets)✅
At the bottom✅

I enter from the bottom🚀

🎯medium term objective – $0.1880
🎯in the long term… pic.twitter.com/CuW8230J7b

-Alex Clay (@cryptclay) October 9, 2024

Chiliz Alternatives

Although the Binance partnership is a promising development for Chiliz, the technical outlook remains uncertain. The market needs to see a clear break above the $0.078 resistance level for a stronger uptrend to emerge. Until then, consolidation is expected and traders should remain vigilant for any new news or technical signals that could impact CHZ’s price trajectory in the coming weeks. Meanwhile, Pepe Unchain is a project that has generated significant interest in the coin space. The token is currently at over $19 million in presale, providing investors with a promising growth opportunity from CHZ’s more established position. Investing in $PEPU could offer higher potential returns due to its early growth phase.

HOW TO BENEFIT FROM THE PEPU

By investing in $PEPU now, you can capitalize on its promising momentum and maximize potential returns as the project continues to grow. Don’t miss this exciting opportunity to get in early and watch your investment grow.

Visit Pepe Unchained

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