Chiliz (CHZ) Price Prediction 2022 – Will CHZ Hit $0.5 Soon?

Chiliz (CHZ) Price Prediction 2022 - Will CHZ Hit $0.5 Soon?
  • Bullish CHZ price prediction is $0.2725 and $0.3360.
  • The CHZ price will also reach $0.5 soon.
  • CHZ bearish market price prediction for 2022 is $0.1633.

In Chiliz (CHZ) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about CHZ to analyze the future movement of the cryptocurrency. 

Chiliz (CHZ) Current Market Status

According to CoinGecko, the price of Chiliz (CHZ) is $0.269207 with a 24-hour trading volume of $1,079,349,208 at the time of writing. However, CHZ has increased by nearly 10.5% in the last 24 hours. 

Moreover, Chiliz (CHZ) has a circulating supply of 5,344,064,580 CHZ. Currently, CHZ trades in cryptocurrency exchanges such as Binance, Coinbase, Bybit, Upbit, KuCoin, OKX, and Gate.io.

What is Chiliz (CHZ)?

Chiliz is the currency of choice for blockchain-backed products and services for mainstream consumers. Chiliz provides sports organizations and blockchain-based tools to help them participate and monetize their audience. CHZ tokens can also be used to purchase/exchange Fan tokens through the consumer-oriented platform Socios.com.

Chiliz (CHZ) Price Prediction 2022

Chiliz (CHZ) holds the 33rd position on CoinGecko right now. CHZ price prediction 2022 is explained below with a daily time frame.

CHZ/USDT Descending Broadening Wedge Pattern (Source: Tradingview)

The above chart of CHZ laid out the descending broadening wedge pattern. It typically develops during a downward trend. The descending broadening wedge widens as the two trend lines that have split from one another. This pattern indicates a bullish reversal in the price action. Although the pattern normally indicates a trend reversal, the decline could still continue.

Currently, Chiliz (CHZ) is in the range of $0.2655. If the pattern continues, the price of CHZ might reach the resistance level of $0.2990, and $0.4522. If the trend reverses, then the price of CHZ may fall to $0.1469.

Chiliz (CHZ) Support and Resistance Levels

The chart below shows the support and resistance levels of Chiliz (CHZ).

CHZ/USDT Support and Resistance Level (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Chiliz (CHZ).

Resistance Level 1$0.2725
Resistance Level 2$0.3360
Support Level 1$0.2010
Support Level 2$0.1633
CHZ/USDT Support and Resistance Level

The charts show that CHZ has performed a bullish trend over the past month. If this trend continues, CHZ might run along with the bulls overtaking its resistance level at $0.3360.

Accordingly, if the investors turn against the crypto, the price of the CHZ might plummet to almost $0.1633, a bearish signal.

Chiliz (CHZ) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Chiliz (CHZ) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of CHZ lies below the cutoff line, indicating weak participants in the current trend.

CHZ/USDT RVOL, MA, RSI (Source: Tradingview)

Moreover, the Moving Average (MA) of Chiliz (CHZ) is shown in the above chart. Notably, the CHZ price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, CHZ is in a bullish state. There is a possibility of a reversal trend of CHZ at any time.

Meanwhile, the relative strength index (RSI) of the CHZ is at a level of 61.47. This means that CHZ is in an overbought state. However, this means a major price reversal of CHZ may occur in the upcoming days. So, traders need to trade carefully. 

Chiliz (CHZ) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Chiliz (CHZ). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

CHZ/USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Chiliz (CHZ). Currently, CHZ lies in the range of 22.1646, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of Chiliz (CHZ). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CHZ lies above 50, indicating that the direction of volatility is high. In fact, CHZ’s RSI is at 61.47, thus confirming a potential sell signal.

Comparison of CHZ with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Chiliz (CHZ).

BTC Vs ETH Vs CHZ Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price action of CHZ is dissimilar to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of CHZ decreases. Also, when the price of BTC and ETH decreases, the price of CHZ increases.

Chiliz (CHZ) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses, Chiliz (CHZ) might probably attain $1 by 2023.

Chiliz (CHZ) Price Prediction 2024

With several upgrades in the network, Chiliz (CHZ) might enter a bullish trajectory. If the coin grabs the attention of major investors, CHZ might rally to hit $2 by 2024. 

Chiliz (CHZ) Price Prediction 2025

If Chiliz (CHZ) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, CHZ would rally to hit $3.  

Chiliz (CHZ) Price Prediction 2026

If Chiliz (CHZ) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, CHZ would rally to hit $4. 

Chiliz (CHZ) Price Prediction 2027

If Chiliz (CHZ) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, CHZ would rally to hit $5. 

Chiliz (CHZ) Price Prediction 2028

If Chiliz (CHZ) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, CHZ would hit $6.

Chiliz (CHZ) Price Prediction 2029

If investors flock in and continue to place their bets on Chiliz (CHZ), it would witness major spikes. CHZ might hit $7 by 2029.

Chiliz (CHZ) Price Prediction 2030

With greater advancements in the Chiliz ecosystem, the crypto community might continue to invest in Chiliz (CHZ) for the next 8 years and drive significant price rallies for the token. Hence, Chiliz (CHZ) might hit $8 by 2030.

Conclusion

With continuous improvements in the Chiliz network, we can say that 2022 is a good year for CHZ. For this reason, the bullish price prediction of Chiliz (CHZ) in 2022 is $0.3360. On the other hand, the bearish price prediction of Chiliz (CHZ) for 2022 is $0.1633.

Furthermore, with the advancements and upgrades in the Chiliz ecosystem, the performance of Chiliz (CHZ) would rise to reach above its new all-time high (ATH) of $0.878633 very soon. But, it might also reach $0.5 if the investors believe that CHZ is a good investment in 2022.

FAQ

1. What is Chiliz (CHZ)?

Chiliz is the currency of choice for blockchain-backed products and services for mainstream consumers.

2. Where can you purchase Chiliz (CHZ)?

Chiliz (CHZ) has been listed on many crypto exchanges which include Binance, Coinbase, Bybit, Upbit, KuCoin, OKX, and Gate.io.

3. Will Chiliz (CHZ) reach a new ATH soon?

With the ongoing developments and upgrades within the Chiliz platform, Chiliz (CHZ) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Chiliz (CHZ)?

On March 13, 2021, Chiliz (CHZ) reached its new all-time high (ATH) of $0.878633.

5. Is Chiliz (CHZ) a good investment in 2022?

Chiliz (CHZ) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Chiliz in the past few months, CHZ is considered a good investment in 2022.

6. Can Chiliz (CHZ) reach $0.5?

Chiliz (CHZ) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Chiliz (CHZ) will hit $0.5 soon.

7. What will be the Chiliz (CHZ) price by 2023?

Chiliz (CHZ) price is expected to reach $1 by 2023.

8. What will be the Chiliz (CHZ) price by 2024?

Chiliz (CHZ) price is expected to reach $2 by 2024.

9. What will be the Chiliz (CHZ) price by 2025?

Chiliz (CHZ) price is expected to reach $3 by 2025.

10. What will be the Chiliz (CHZ) price by 2026?

Chiliz (CHZ) price is expected to reach $4 by 2026

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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