Chiliz Price Prediction 2022 – Will CHZ Hit $0.5 Soon?

• Bullish CHZ price prediction is $0.166 to $0.45.
• CHZ price might also reach $0.5 soon.
• CHZ bearish market price prediction for 2022 is $0.12.

In Chiliz’s (CHZ) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about CHZ to analyze the future movement of the cryptocurrency. 

Chiliz Current Market Status

According to CoinGecko, the price of CHZ is $0.184 with a 24-hour trading volume of $166,154,319 at the time of writing. However, CHZ has increased nearly 4.7% in the last 24 hours.

Moreover, CHZ has a circulating supply of 5,344,064,580 CHZ. Currently, CHZ trades in cryptocurrency exchanges such as Binance, OKX, FTX, DigiFinex, and BitCoke.

What is Chiliz (CHZ)?

Chiliz is the currency of choice for blockchain-backed products and services for mainstream consumers. Chiliz provides sports organizations and blockchain-based tools to help them participate and monetize their audience. CHZ tokens can also be used to purchase/exchange Fan tokens through the consumer-oriented platform Socios.com.

Chiliz (CHZ) Price Prediction 2022

Chiliz holds the 98th position on CoinGecko right now. CHZ price prediction 2022 is explained below with a daily time frame.

A descending channel is a pattern formed from two downward trend lines drawn above and below the price indicating the resistance and support levels. It is a bearish pattern defined by a trend line that supports a series of lower lows and a diagonal resistance level that connects low highs.

Currently, CHZ is in the range of $0.162. If the pattern continues, the price of CHZ might reach the resistance level of $0.24 and $0.33. If the trend reverses, then the price of CHZ may fall to $0.1291.

Chiliz (CHZ) Support and Resistance Level

The below chart shows the support and resistance level of CHZ.

From the above daily time frame, it is clear the following are the resistance and support levels of CHZ.

• Resistance Level 1 – $0.1665
• Resistance Level 2 – $0.2274
• Resistance Level 3 – $0.2873
• Resistance Level 4 – $0.3713
• Resistance Level 5 – $0.4556
• Support Level  – $0.1287

The charts show that CHZ has performed a bullish trend over the past month. If this trend continues, CHZ might run along with the bulls overtaking its resistance level at $0.4556.

Accordingly, if the investors turn against the crypto, the price of the CHZ might plummet to almost $0.1287, a bearish signal.

Chiliz Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of CHZ is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of CHZ lies on the cutoff line, indicating stronger participants in the current trend.

More so, the CHZ’s Moving Average (MA) is shown in the chart above. Currently, CHZ is in a bearish state. Notably, the CHZ price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of CHZ at any time.

Meanwhile, the relative strength index (RSI) of the CHZ is at level 33.74. This means that CHZ is in a nearly oversold state. However, this means a major price reversal of CHZ may occur in the upcoming days. So, traders need to trade carefully. 

Chiliz Price Prediction 2022 — ADX, RVI

Let us now look at Chiliz’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Chiliz. Currently, CHZ lies in the range of 15.89, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of CHZ. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CHZ lies below the 50 levels, indicating that the direction of volatility is low. In fact, CHZ’s RSI is at 33.74 level thus confirming a potential sell signal.

Comparison of CHZ with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Chiliz.

From the above chart, we can identify the trend of the ETH, BTC, and CHZ is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and CHZ also increases or decreases respectively.

Conclusion

With continuous improvements in the Chiliz network, we can say that 2022 is a good year for CHZ. For this reason, the bullish price prediction of Chiliz in 2022 is $0.45. On the other hand,  the bearish CHZ price prediction for 2022 is $0.12.

Furthermore, with the advancements and upgrades on the CHZ ecosystem, the performance of CHZ would help to reach above its current all-time high (ATH) $0.37 very soon. But, it might also reach $0.5 if the investors believe that CHZ is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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