- The CHZ token is decreasing downwards, around -20.9%, during the intraday trading session.
- The 24-hour trading volume is at $784 million.
- CHZ/BTC pair is also trading negative by -11.5% at 0.00000714 BTC.
Daily technical chart and CHZ token trend is showing a downward trend. Based on the pivot level, the initial support level is 0.27 USD. From another perspective, if it accelerates, the resistance level to watch is 0.43 USD. Although the chart created a bearish harami candlestick pattern during the day, the price is expected to be a downside with medium reliability.
Ichimoku Cloud is composed of lead-1 and lead-2, and the displacement value is 1. It operates as a pivot level and leading indicator of asset price changes. Investors can see that the price slips below the Green Moku Cloud and now trades under the Green Moku Cloud, so the cost is inside the Green Moku Cloud, ensuring the neutral trend of CHZ.
Trading volume (172.64 M) is close to the 20-day moving average (300.86 M). In short, the low volume of transactions caused the price to get rejected at the resistance zone. Investors may also notice that the volume bar on the chart is declining, which indicates that surprising volatility is expected in the next trading days.
The Stochastic RSI (bearish) with a value of K-33 D-55 presents a sell signal in the coin. Investors may observe a declining slant and a negative crossover in the index. It may remain in negative territory for future trading sessions.
CHZ Token Oscillators Suggest Bearish Divergence
The price of Chiliz token today is USD 0.32, and the 24-hour trading volume is USD 784,906,802. The cost of CHZ has decreased by 20.10% in the past 24 hours. The circulation of CHZ coins is 5.3 billion, with a total of 8.89 billion. The Stochastic RSI indicator shows a sell sign, and the traders have led to low volume. Technically, the price resides around the support zones and continues in a downtrend. Accordingly, as with the overall market viewpoint, the trend remains bearish for upcoming trading sessions.
Resistance Level: $0.43
Support Level: $0.27