Chiliz (CHZ) Gains by Over 5%

After registering a price increase of 5.77% as of the time of writing, the Chiliz token has appeared as the second-best-performing coin on the market. Its price action has been able to rise past technical levels that suggest short-term gains at the least.

CHZ Statistics

Current Price: $0.03337

Market Capitalization: $336.42M

Circulating Supply: 10.14B

Total Supply: 10.14B

CoinMarketCap Rank: 126

Key Levels

Resistance: $0.03500, $0.04000, $0.04500

Support: $0.03000, $0.02500, $0.02000

Chiliz Eyes the $0.3500 Mark

As of today, the CHZ market has risen past the 9-day Exponential Moving Average (EMA) line. Likewise, the corresponding price candle for the ongoing session presents a solid amount of bullishness as it sits above the 9-day EMA curve.

The lines of the Stochastic Relative Strength Index (SRSI) indicator keep an upward bearing following an upward crossover right at the 80 mark. As such, this market still seems to have an upside focus, even if only short term.

CHZ Tries to Extend Upside Retracement

Even on the Chiliz 4-hour market, it can be seen that price action remains consistent with trading above the 9-day EMA curve. However, the last price candle here is a bearish compressed green candle, suggesting that bears are trying to force down gains.

Nevertheless, trading remains at some distance above the 9-day EMA and therefore strengthens bullish traders. The SRSI lines can be seen rising steeply into the overbought region. While the last price candle on the chart stays green, it suggests that the market may still attempt to breach the $0.3500 mark.

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