Altcoin News

Chiliz Price Prediction: CHZ Hits New All-Time High

  • Chiliz reached a new all-time high of $0.149.
  • Bearish CHZ price prediction for 2021 is $0.02.
  • CHZ price may also reach $0.5 if it exceeds $0.23 soon.

The cryptocurrency Chiliz took to the skies and reached a new all-time high of $0.149, according to CoinGecko.

In terms of market position, the market capitalization of CHZ amounts to almost $661 million. Furthermore, CHZ has an average daily trading volume of over $1.76 billion. For interested crypto traders, the crypto trades at exchanges such as Binance, Huobi Global, OKEx, HBTC, Xtheta Global, etc.

Moreover, with these recent developments, is CHZ a good investment in 2021? Let’s find out in this CHZ price analysis 2021 article.

Chiliz (CHZ) Price Analysis

The below chart shows the Simple Moving Average (SMA), Exponential Moving Average (EMA), and Relative Search Index (RSI) of Chiliz (CHZ).

CHZ/USDT price chart with SMA, EMA & RSI (Source: TradingView)

CHZ has shown a great performance in the past few days despite the wild market swings of the crypto world. Also, the graph displays the price surge of the cryptocurrency to over +487% in the past 30 days. 

Meanwhile, the relative strength index (RSI) of the CHZ is already at its overbought state. For this reason, traders must be careful because CHZ  might trigger a price reversal any time, as shown in this Chiliz price prediction.

According to CoinGecko, the CHZ price is $0.12, at the time of writing.

CHZ/USDT Price Chart (Source: TradingView)
  • Resistance Level 1 – $0.144
  • Resistance Level 2 – $0.236
  • Support Level 1 – $0.046
  • Support Level 2 – $0.020

The above chart shows the impressive performance of CHZ in the last few days. CHZ is showing a bullish trend. However, if the trend continues, CHZ will run along with the bulls, overtaking its $0.144 resistance level and climb higher to $0.236.

If the bullish trend continues, the CHZ can surge over it’s all-time high (ATH) price of $0.149. In contrast, if the investors turn against the cryptocurrency, the bears might take over. More so, the CHZ price might plummet to almost $0.20, a bearish signal.

Chiliz (CHZ) Price Prediction 2021

Nevertheless, if the crypto bull run continues, CHZ may exceed prior expectations. If it reaches the Fib level at $0.236, it may even challenge the $0.5 psychological barrier. However, this may only happen in the latter part of the year if the crypto market maintanis its rally.

In summary, bullish Chiliz price prediction is $0.236, and may even reach $0.5 later in 2021. On the other hand, the bearish Chiliz price prediction is $0.020.

Disclaimer: The opinion expressed in this chart solely the authors. It is not interpreted as investment advice.

The News Crypto Staff

The News Crypto is a group of crypto journalists writing about the latest happenings in the crypto and blockchain industry.

Related Articles

Back to top button