- Chiliz coin started to gain bullish momentum after a strong selloff from the higher levels with the support of the 200-DMA line.
- The coin over the monthly chart is trading above the 100 and 200-DMA lines while suppressing its 20 and 50-SMA lines.
- The pair of CHZ/BTC is trading at 0.000007493 BTC with an intraday increment of +2.15%, and the ratio of CHZ/ETH is CMP at 0.00009992 ETH with an intraday gain of +2.17%.
Chiliz coin seems to get ready to give a bounce back from the current levels, after a sharp decline from higher levels. Whereas the crypto asset witnesses strong buying interest from its 200-DMA support line, it is presently trading above its 100 and 200-DAM lines. The coin is recovering and heading towards the 20 and 50-day short-term moving averages, with lower volume action.
At the same time, the coin witnessed strong buying interest from lower levels or 200-DMA, helping bulls to move prices higher. We can soon see recovery in upcoming sessions if the coin sustains above the 20 and 50-SMA support lines. Support on the lower side is $0.2910 and $0.2529, whereas resistance on the higher side is $0.3880 and $0.4140.
Chiliz coin on the weekly chart is recovering after a significant correction
Chiliz coin on the weekly chart is recovering after a significant correction since the previous trading session. Whereas, after a sharp dip, the coin is now trying to get stable at lower levels and getting ready for a short-term bounceback. Volume activity at the 4-hour time frame is slightly increased but still needs to grow further. Presently, the Chiliz coin is trading at $0.3510 with an intraday gain of +3.18%, and the volume to market cap ratio is at 0.2048.
Relative Strength Index (BULLISH): Chiliz coin RSI is presently trying to rebound after reaching the oversold zone. In contrast, the RSI is heading towards the higher zone and trying to bounce back from current levels, and now CMP is at 40.
Moving Average Convergence Divergence (NEUTRAL): The daily chart indicates a neutral with an upcoming bullish trend at the 4-hour time frame. At the same time, the seller’s line (orange) and the buyer’s signal line (blue) are at the point for positive crossover.
Support levels:$0.2910 and $0.2529
Resistance levels: $0.3880 and $0.4140