Chiliz (CHZ) had a minor rally in the past few days and then entered a downtrend.
According to CoinGecko data, we have compiled for you in this news what Chiliz can do from here, which has lost 0.6 percent in the last 24 hours.
What Are the Goals in Chiliz? Chiliz (CHZ) Price Analysis
The dark clouds over the crypto money market have hit the prices of cryptocurrencies. The prices of all cryptocurrencies, especially Bitcoin, decreased significantly. By comparing the price difference between last year and this year, users hope that this month period will end as soon as possible.
Chiliz’s chartWhen we look at the chart of Chiliz, we see that Chiliz continues to move in a cycle between $0.28 and $0.16. The price has fluctuated between these two levels since September 23. The mid-range value is $0.22 and the price tumbled to the $0.17 level after a good reaction from the $0.167 support level at the time of writing.
By contrast, the outlook on the CHZ is bearish. The Relative Strength Index (RSI) is below the neutral 50, while the Balance Volume (OBV) also formed a lower high and lower low in November. This indicated that the selling pressure has been strong in recent weeks with a slight dominance on the buying volume.
The recently drawn Fibonacci retracement levels showed that $0.18 was the 23.6% retracement level. The $0.175-0.18 area on shorter timeframes has become an important support in recent weeks. $0.188-0.19 will likely offer some resistance if CHZ sees some gains.
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