After displaying a consolidated price action for a brief period, the Chiliz price has regained momentum by adding over 10% to its portfolio within a short period. With this, this altcoin has secured the first position in the daily top gainers list among the top 100 cryptocurrencies.
With the rising volatility in the cryptocurrency market, will CHZ price regain momentum and record a slingshot toward its yearly high of $0.170 this Q4? Let’s uncover the market sentiment and short-term price prospects of Chiliz (CHZ) in the article.
CHZ Price Retests Its Important Resistance Level!
The Chiliz price has added ~9% to its portfolio in the past 24 hours with a trading volume of $234.74 million. Moreover, it has gained 19.58% over the past week and 36.75% during the past 30 days.
Notably, it is on the verge of testing its July high above the resistance level of $0.0725. This highlights an increase in the buying pressure for the altcoin within the crypto space.
The Relative Strength Index (RSI) has recorded a sharp rise toward its overbought range in the 1D time frame. Further, with a bullish convergence, the Chiliz price suggests a positive outlook this week.
Moreover, the EMA 50-day has displayed a positive curve in the Chiliz price chart. This highlights that the CHZ coin price will continue to rise this week.
Will Chiliz Price Hit $0.1 This Q4?
If the market holds the price above its resistance level of $0.0725, this could result in the CHZ crypto retesting its upper psychological level of $0.0975. Moreover, if the bullish sentiment sustains, the altcoin will head toward its $0.1225 mark.
On the flip side, a bearish reversal could pull the Chiliz (CHZ) price toward its crucial support trendline of $0.0475 during the upcoming weeks.
Wondering about the long-term price targets of this altcoin? Read our Chiliz (CHZ) Price Prediction 2024 – 2030
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