<strong><em>CHZ prices are on the verge of breaking above a double bottom pattern with the neckline at $0.10, potentially leading to a bull run. </em></strong>

<strong>Key technical points: </strong>
<ul>
 	<li>CHZ prices have jumped by 4.55% in the last 24 hours.</li>
 	<li>The price action teases a potential bullish breakout of the $0.10 resistance level.</li>
 	<li>The 24-hour trading volume of Chiliz is $152 Million, indicating a drop of 227%.</li>
</ul>
<h2>Past Performance of CHZ</h2>
The <a href="https://coincodex.com/crypto/chiliz/">CHZ price</a> action shows a long-coming sideways trend in the daily chart after succumbing and the $0.10 mark. However, the growing bullish influence forms a double bottom pattern with the neckline and the psychological mark of $0.10. Additionally, the recent growth challenges the 50-day SMA close to the double bottom’s neckline, teasing a potential bullish breakout.

<img src="https://s3.tradingview.com/snapshots/9/9GVp1P59.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/9GVp1P59/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">CHZ Technical Analysis </span></h2>
The CHZ price shows an increase in intraday trading volume, supporting the bullish trend and undermining the higher price rejection faced last night. Hence the price action shows a high probability of a bullish trend continuing above the opposing 50-day SMA. The DMI indicator shows the DI lines gradually gaining a bullish spread with an increase in trend momentum evident by the reversal in the ADX line. Hence the technical indicator supports the possibility of a bullish trend above the $0.10 mark.

The RSI indicator shows an ongoing uptrend in the underlying bullishness with the support of the 14-day average line and sustains in the overbought territory. In a nutshell, the <a href="https://www.cryptoknowmics.com/news/chz-technical-analysis-growing-demand-for-chiliz-teases-price-jump/">CHZ</a> price action analysis and the technical indicators are on the same page, projecting a bullish trend continuation.
<h2><span style="font-weight: normal">Upcoming Trend </span></h2>
If the ongoing uptrend surpasses the opposing 50-day SMA, the probability of CHZ prices skyrocketing 30% to reach the $0.13 mark increases drastically. However, a reversal from the $0.10 mark will lead to a 15% drop to retest the $0.085 mark.

<strong>Resistance Levels:</strong>  $0.10 and $0.13

<strong>Support Levels:</strong>$0.85 and $0.80

CHZ Technical Analysis: CHZ Ready For Bull Run Above $0.10

CHZ Technical Analysis shows prices are on the verge of breaking above a double bottom pattern with the neckline at $0.10, leading to a bull run. 

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: CHZ Ready For Bull Run Above $0.10

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