Price Analysis

Chiliz Price on an Epic Ride, the Price May Soar to $1

Highlights

    Chiliz price is pumping and trending for the consecutive 3 days, rallying above 104% offering ROI of more than 400%

    The bullish momentum is expected to rally the price above $0.4 levels initially and a huge bull run may lead the price close to $1

Chiliz Is Now a Billion-Dollar Asset!

The Nonfugible tokens or NFT’s have become the hottest topic in the crypto space after DeFi’s. Recently one of the popular NFT, Enjin Coin rallied like a giant and still maintains a bullish trend. One such NFT which is showcasing a solid uptrend is Chiliz as the Chiliz price rose magnificently more than 107%.

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 Chiliz coin is a blockchain platform intended to offer voting powers to the Socios fan engagement platform. CHZ is basically a sports fan engagement that let the fans influence their teams through the voting process. 

The CEO of Chiliz, Alexander Dreyfus took on Twitter to announce the milestone of the $1B market cap and also indicated many more developments in the coming days.

The token rallied over 200% in the past week and continue to rally in the present trading days with more than 100%.In a recent update, the CHZ token is the first token to be traded on the leading Korean exchange UpBit above bitcoin

Also Read: Dogecoin Price Moons as the Momentum Shifts Back to the Bulls!

Chiliz(CHZ) Price Analysis

Popular NFT token, CHZ price remained passive until the end of Feb 2021. However, the price jumped massively as the CEO in the first week of March 2020 announced the allocation of $50 million to expand the business in the United States. 

Since then, the price rose like a monster by nearly 449% to smash the current levels around $0.27. 

chz price chart

Currently, the Chiliz price has smashed the target set at $0.28 and hence the next target would be somewhere near $0.42. With a similar bullish momentum, the price may attain the highest ever levels very soon.

Technical Specifications

  • The resistance levels initially are formed at $0.3, however, the target set is above $0.42
  • The support levels stand close to $0.1
  • The technical indicators for Chiliz price point out towards a ‘buy’ signal

Also Read: Bitcoin Price Rally Impacted With Its Narrow Swing?

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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