Chiliz Price Prediction for Today, October 12 – CHZ Technical Analysis
Release: 2024/10/13 05:14 Reading: 664
The Chiliz price prediction indicates that CHZ could embark on a bullish run if the market remains above the channel's upper boundary and reaches the resistance level of $0.080.
Chiliz Key Statistics:
- Current Price: $0.072
- Market Cap: $652.5 million
- Circulating Supply: 9.12 billion
- Total Supply: 9.12 billion
- Coinmarketcap Ranking: #104
Chiliz (CHZ) has come a long way since its inception, showing impressive growth potential. Since September 2019, it has surged by 1690.69%. While it has yet to reach its all-time high of $0.8915, it remains a promising project.
CHZ/USD Market Analysis:
- Key Resistance Levels: $0.090, $0.095, $0.100
- Key Support Levels: $0.050, $0.045, $0.040
CHZ/USD has recently experienced increased volatility following its Upbit listing. Technical indicators suggest consolidation within a range, with the crucial resistance level at $0.072. A breakout above this level could signal further upward momentum. Conversely, a drop below the channel's lower boundary may lead to a retracement towards $0.060 support.
CHZ/BTC Market Analysis:
- Resistance Levels: 130 SAT, 140 SAT
- Support Levels: 100 SAT, 080 SAT
In the BTC pair, buyers dominate, potentially leading to higher highs. However, a drop below 100 SAT could indicate a bearish trend.
Chiliz Price Prediction:
CHZ/USD could potentially reach the resistance level of $0.080 if the market remains bullish. Alternatively, a decline below the channel's lower boundary could lead to a pullback.
Chiliz Alternatives:
While the Binance partnership is significant, Chiliz's technical outlook remains uncertain. Pepe Unchained, a meme coin with a promising presale, offers potential growth opportunities.
Note:
The provided information is for informational purposes only and should not be construed as investment advice.
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