Chiliz (CHZ) Price Prediction 2023

The Chiliz price prediction shows that CHZ could set a bullish run if the market stays above the channel's upper boundary and touches the resistance level of $0.080.

Chiliz (CHZ) price has been trending downwards after encountering significant technical resistance recently. CHZ price is currently trading around $0.072, and this level acts as a key psychological and technical resistance for the token.

Previously, on September 27, the CHZ price approached this resistance level for the first time. This resistance level is also supported by high trading volume, and if the CHZ price breaks this resistance level, the token may gain further upward momentum.

On the other hand, if the market price breaks towards the lower border of the channel, Chiliz price may decline towards the $0.060 support. If this support is lost, the downward momentum may move the CHZ price to long-term supports at $0.077, $0.072 and $0.067, respectively. In addition, if the price continues its upward movement, an upward break from the upper limit of the channel can technically be expected. In this case, resistances at $ 0.090, $ 0.095 and $ 0.100 levels can be followed, respectively.

CHZ/BTC Price Chart Started Upward Movement

On the downside, the first support is at 100 SAT level, and if the price creates a new bottom with lower breakdowns, there are supports at 080 SAT and lower levels, respectively. The 9-day moving average is trending above the 21-day moving average, indicating that the bulls are taking notice.

On the other hand, @cryptclay, in his technical analysis for his more than 20 thousand followers in his last post; "CHZ reacted from significant technical support and the lower bound of the falling accumulation formation. The coin looks good with a correction of -95.5. A correction has been completed, which is typical for most coins during a bear market." He said.

Alternatives to CHZ

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