The post Chiliz Price Analysis: Is CHZ Crypto Price Bottoming Out? appeared on BitcoinEthereumNews.com.

1 Chiliz price (CHZ) surged over 5.6% in the last 24 hours and is currently trading at $0.063. 2 CHZ crypto price seems to be bottoming out over the daily chart near the $0.055 level.  3 The daily chart shows that the Chiliz price broke above the 50-day EMA.  Chiliz’s price is on a gaining streak from four Intraday sessions. The CHZ price is up over 5.6% in Intraday and currently trades at $0.063. The price has broken above the 50-day EMA. The CHZ price has gained over 12.71% in the last four Intraday sessions.  The daily chart illustrates that the crypto price was in a declining phase below the 50-day EMA. The price declined, suffering multiple rejections from the 50-day EMA to form a new low.   However, the recent decline failed to create a new low and the price surged after testing the previous low resulting in the formation of a double-bottom pattern. The price has recently broken above the 50-day EMA and is trying to sustain above it.  The volume analysis shows that the Chiliz crypto price has a trading volume of $98.419 Billion in the past 24 hours which is 181.90% more than the last day. The crypto has a market cap of $476.20 Billion and ranks 71st in the crypto market. The volume-to-market-cap ratio is 14.67% indicating mild volatility in the market. Chiliz Price Has An Upside Potential Till The 200-day EMA Source: CHZ/USD By TradingView The Chiliz price is nearing the previous swing high which is the immediate resistance zone. The price may need to struggle to surpass the zone. The breakout above the recent resistance zone may unlock the upside potential till the 200-day EMA.  Moreover, the price may decline to lower levels if sellers dominate near the recent resistance.  RSI Signals That The…

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Filed under: News - @ October 23, 2023 8:12 pm