CHZ coin price clings to the confluence of the ascending trendline and the 50-day EMA reflecting a new bullish challenge to the $0.25 resistance zone.

Key technical points:
<ul>
 	<li style="font-weight: 400">The CHZ prices plan to retake the $0.25 mark.</li>
 	<li style="font-weight: 400">In addition, the price action shows consolidation between the 50 and 100-day EMA.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Chiliz is $186.05 Million, marking a 20% rise.</li>
</ul>
<h2>Past Performance of CHZ</h2>
CHZ coin price broke above the 200-day EMA but showcased higher price rejection with long-wick formation projecting a supply zone present at the $0.33 level. The stronger bearish side pushed the prices below the 200 and 100-day EMA. The 23% deflation comes within ten days resulting in a dip at the 50-day EMA.

<img class="aligncenter size-full wp-image-231496" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/04/NuRE293H.png" alt="" width="1834" height="902" />

Source-<a href="https://www.tradingview.com/x/NuRE293H/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>CHZ Technical Analysis </h2>
CHZ coin price finds support at the ascending trendline resulting in a short uptrend to challenge the $0.25 resistance zone. Moreover, the increased trading volume projects a boom in buying pressure and increases the chances of a breakout rally.

The crucial daily EMAs (50, 100, and 200 days) sustain a bearish alignment with the 50-day EMA maintaining a constant inflow of demand to keep the price floating.  However, buyers need to overcome the crucial resistance of the 100 and 200-day EMA for a sustained uptrend. 

RSI Indicator: The RSI slope shows a double bottom creation below the halfway line after a remarkable fall from the overbought boundary reflecting a surge in selling pressure. 

MACD Indicator: The MACD and signal lines experience a growing bullish influence undermining the recent bearish crossover. Hence, the start of bullish MACD histograms can be observed with a positive crossover shortly.

In a nutshell, the CHZ technical analysis highlights the increasing possibility of $0.25 breakout..
<h2>Upcoming Trend </h2>
<a href="https://www.cryptoknowmics.com/news/chiliz-price-prediction-2022-2026-will-the-price-of-chz-hit-0-8-by-the-end-of-2022/">CHZ</a> coin price shows the support trendline halting the downtrend and increasing the chances of an upside rally. However, the bulls must surpass the $0.25 mark to illuminate a buying opportunity with a bullish potential of reaching the $0.33 mark.

Support Levels: $0.20 and $0.16

Resistance Levels: $0.25 and $0.33

CHZ Technical Analysis: Support Trendline Joins EMA To Halt Downfall

CHZ coin price clings to the confluence of the ascending trendline and the 50-day EMA reflecting a new bullish challenge to the $0.25 resistance zone.

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: Support Trendline Joins EMA To Halt Downfall

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