Chiliz (CHZ) Buyers May See More Gains as Tailwinds Push Prices Higher

Chiliz price action has extended the upside correction initiated two sessions ago, with today’s trading bringing a significant increase to this token. Signs suggest that the price movement may advance even further upwards, potentially allowing bullish traders to take in more profits.

CHZ Statistics:
Current Chiliz Value: $0.1052
Chiliz Market Cap: $957,346,962
CHZ Circulating Supply: 8,888,290,622
Chiliz Total Supply: 8,888,888,888
CHZ CoinMarketCap: 64

Key Price Levels:
Resistance: $0.1052, $0.1100, and $0.1200
Support: $0.1002, $0.09900, and $0.09800

The CHZ Price Action Picks a Nearby Target at the $0.1100 Resistance Level

Today’s trading session recorded profits in the Chiliz market, suggesting that buyers may be eyeing the next psychological resistance at the $0.1100 mark. Considering technical indicators, this seems like a nearby price level that may be reached with a higher probability. The session continues above the middle limit of the Bollinger Bands.

Meanwhile, the corresponding price candle seems to avoid drawing the attention of short traders by steering clear of pushing the uppermost limit of the Bollinger Bands. Additionally, the Connor Relative Strength Index (CRSI) curve appears proportionately extended, signaling that upside forces will likely sustain the correction towards higher marks, generating profitable crypto signals.

Chiliz finds new support at the Fibonacci Retracement Level 23.60 Mark

Upside forces exhibit notable resilience as CHZ price action establishes a new support above the Fibonacci Retracement level of 23.60 in the 4-hour market. Upon close inspection, from the daily to the 4-hour market, one can observe progressing price movement.

Trading activity continues above the Bollinger Bands’ middle limit, and simultaneously, CRSI indicator lines are still progressing into the overbought region. Consequently, this further strengthens the anticipation of a continued upside correction towards higher marks. At this point, setting a target at the $0.1120 mark seems like a good shot.

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