<strong><em>CHZ prices showcase a bullish reversal from the $0.085 mark, taking a secondary boost to surpass $0.10 with a boom in trading volume. </em></strong>

<strong>Key technical points:</strong>
<ul>
 	<li>The CHZ market price has increased by 5.34% over the past 24 hours.</li>
 	<li>The price action shows a growing bullish influence on a sideways trend.</li>
 	<li>The 24-hour trading volume of Chiliz is $181 Million, indicating a hike of 142%.</li>
</ul>
<h2>Past Performance of CHZ</h2>
<a href="https://www.cryptoknowmics.com/news/chz-technical-analysis-buyers-struggles-to-withstand-the-selling-spree/">CHZ</a> price action shows a sideways trend between the $0.085 and $0.12 marks but successfully avoids a crash during the bear market. Moreover, the recent bullish reversal from $0.085 propels the market value above the psychological mark of $0.10 and forms a double bottom at $0.085.

<img src="https://s3.tradingview.com/snapshots/a/aplGvXqa.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/aplGvXqa/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">CHZ Technical Analysis </span></h2>
CHZ price grew by 5.65% today, forming a bullish candlestick with an increased commitment of buyers, evident by the rise in trading volume. Hence, traders can expect the bullish turnaround to exceed the selling pressure at $0.12. The DMI indicator shows a bullish crossover in the DI lines representing a trend reversal. Moreover, the falling ADX line reflects a loss in previous bearish trend momentum, and a reversal will kickstart the bullish trend.

The RSI indicator shows a gradual increase in the underlying bullishness as the slope slowly rises to reach the halfway line. Additionally, the bullish divergence in the double bottom at $0.085 increases the price jump possibility. After the recent bullish crossover, the MACD indicator shows a positive trend in the fast and slow lines crossing, reaching the zero line. Moreover, the positive trend of the resurfacing bullish MACD histograms displays a rise in buying pressure. In a nutshell, the technical indicators support the bullish trend possibility in the CHZ prices, teasing an uptrend above $0.12.
<h2><span style="font-weight: normal">Upcoming Trend</span></h2>
Suppose the CHZ prices surpass the overhead resistance at $0.12; the uptrend will reach the $0.15 mark, accounting for a 25% jump.

<strong>Resistance Levels:</strong> $0.12 and $0.15

<strong>Support Levels:</strong> $0.10 and $0.085

CHZ Technical Analysis: Growing Demand For Chiliz Teases Price Jump

CHZ Technical Analysis showcases a bullish reversal from the $0.085 mark, taking a secondary boost to surpass $0.10 with a boom in trading volume. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

CHZ Technical Analysis: Growing Demand For Chiliz Teases Price Jump

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