Chiliz (CHZ) Prints Tiny Gains - learn2trade
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Chiliz (CHZ) Prints Tiny Gains But Outlook Remains Fragile

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Azeez Mustapha

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Headwinds have caused the Chiliz market to register a strong price decline over the previous session. However, the ongoing session is posting a minimal recovery of just 0.84%. This keeps the token within the grip of downward forces.

CHZ Statistics

Current Price: $0.04813

Market Capitalization: $492.45M

Circulating Supply: 10.24B

Total Supply: 10.24B

CoinMarketCap Rank: 87

Key Levels

Resistance: $0.0500, $0.0600, $0.0700

Support: $0.0450, $0.0400, $0.0350

Chiliz (CHZ) Prints Tiny Gains But Outlook Remains Fragile

CHZ Sharp Decline Keeps Bears in Control

The ongoing session in the Chiliz daily market is trading in the green at the time of writing. However, the corresponding price candle remains positioned below the Exponential Moving Average (EMA) line.

Chiliz Weekly Insights: Vision 2030, U.S. Expansion Hints, and DAO Updates

This week’s Chiliz Insights, curated by @ChrisOtt, highlight the upcoming launch of Chiliz Vision 2030 on February 3, fresh International Locker Room updates from @Socios, and hints from CEO @Alex_Dreyfus about a potential U.S. expansion. It also covers the latest $PEPPER DAO vote results and recent $PSG validator buyback activity.

Chiliz Sharp Decline Keeps Bears in Control (Continued)

Similarly, the applied Stochastic Relative Strength Index (SRSI) lines have delivered a downward crossover while remaining below the 20 threshold. This suggests that bullish momentum is subdued and the market may continue moving downward.

Chiliz (CHZ) Prints Tiny Gains But Outlook Remains Fragile

Chiliz Upside Rebound Pushes Toward a Key Level

Looking at the CHZ/USDT 4-hour chart, price action can be seen rebounding upward from an upward-sloping trend line. The last three price candles appear to be taking small steps toward the 9-day EMA curve.

Coin Massive Pump | CHZ Crypto News

The price of the Chiliz token has been trending downward within a descending channel for some time. However, it is now nearing resistance, suggesting that a strong upward rebound could occur.

Chiliz Upside Rebound Pushes Toward a Key Level (Continued)

The most recent price candle remains green but is still below the 9-day EMA curve. Meanwhile, the SRSI lines are in the oversold region with a slight upward trajectory. Technically, this aligns with the short-term outlook of the market, with possible short-term targets around $0.0516. Nevertheless, the market may still descend toward the $0.04500 price level.

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