- Chiliz token witnesses a selloff from the higher level, and now the token slipped below the major moving averages of the 200-DMA line.
- The crypto asset over the monthly chart is trading below all vital moving averages 20, 50, 100, and 200-Day lines, with slight sellar volume.
- The pair of CHZ/BTC is trading under minor pressure at 0.000006497 BTC with a 24-hour change of -4.02%, and the ratio of CHZ/ETH is CMP at 0.00009235 ETH with an intraday loss of -3.62%.
Chiliz token at the monthly chart is trading on a bearish note while making lower lows and lower highs. The crypto asset is currently placed below the 20, 50, 100, and 200-DMA lines. At the same time, 20 and 50-SMA are heading for a bearish or negative crossover, creating more downside. On the other side, the volume is significant to watch in upcoming trading sessions as a declining below-average volume line.
Currently, DOGE is CMP near monthly lows, and volume activity is also lower, improving for forthcoming trading sessions. If the coin fails to regain its 200-DMA line, we can expect a short-term correction in forthcoming sessions. Support on the lower side is $0.2620 and $0.2410, whereas resistance on the higher side is $0.3425 and $0.3690.
Chiliz token is now trying to sustains, after facing a sharp selloff
Chiliz token on the weekly chart is now trying to sustains, after facing a sharp selloff. On the other side, the technical parameters are reaches near the oversold zone, and we can expect some bounce back in upcoming trading sessions. Volume at the 4-hour time frame is lower and needs to improve enormously for a strong rebound. CHZ’s price is trading at $0.2868 with an intraday action of -10.93%, and the volume to market cap ratio is at 0.1461.
Relative Strength Index (OVERSOLD): Chiliz token RSI is trading under the oversold zone over the weekly chart. The RSI is trying to rebound after a sharp fall from the higher side, and a minor pullback is expected, CMP at 29.
Moving Average Convergence Divergence (BEARISH): The daily chart indicates a bearish trend at the 4-hour time frame. At the same time, the seller’s line (red) overpowers the buyer’s signal line (green), with a negative crossover.
Support levels: $0.2620 and $0.2410
Resistance levels: $0.3425 and $0.3690.