- Chiliz coin over the monthly chat is heading towards the significant supply or rejection zone on the higher side.
- The crypto asset is currently placed above its vital moving averages of 20, 50, 100, and 200-day lines, with average volume activity.
- The pair of CHZ/BTC is trading at 0.000008495 BTC with the flat intraday activity of -0.75%, and the ratio of CHZ/ETH is CMP at 0.0001186 ETH with a 24-hour change of -0.90%.
Chiliz coin is trading near its major supply zone over the monthly chart and above all DMA lines. Currently, the coin is moving higher with a good recovery from lower levels, and volume activity over the chart is also increasing. CHZ token at the monthly chart is placed above all DMA lines of 20, 50, 100, and 200-day. Volume at the monthly chart needs to grow strongly for the to maintain under the bullish chart pattern.
Once the coin jumps above its major supply zone, the supportive volume activity will boost more buyers in upcoming sessions. Support on the lower side is $0.440 and $0.380, whereas resistance on the higher side is $0.6450 and $0.8920.
Chiliz coin is trading under the bullish pattern, with higher highs and lows sequence
Chiliz coin is trading under the bullish channel pattern, with higher highs and lows sequence. Meanwhile, the technical parameters are also trying to recover from the lower levels and head towards the higher side. Volume activity at the 4-hour time frame is lower and needs to improve sharply for a strong bounce back. CHZ’s price is trading at $0.5600 with an intraday gain of +1.73%, and the volume to market cap ratio is 0.2822.
Relative Strength Index (BULLISH): Chiliz coin RSI is heading towards the neutral zone at the weekly chart. In contrast, the coin trades near the higher area and projects a sideways trend with good buying action, RSI at 60.
Moving Average Convergence Divergence (MIXED): The daily chart projects a mixed trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) and the seller’s line (red) overlap each other.
Support levels: $0.440 and $0.380
Resistance levels: $0.6450 and $0.8920.