CHZ Breaks Long-Term Descending Trendline, Price Surges Over 70%
- Trend Reversal Signal: CHZ's price has decisively broken above a long-term descending trendline, indicating a transition from an accumulation phase to bullish momentum, with current prices holding above $0.06 USDT, confirming the breakout's validity and showing early signs of an upward trend.
- Short-Term Consolidation and Resistance: Following a near-vertical rally, CHZ may consolidate in the resistance zone between $0.065 and $0.067 USDT; a clean close above this range could potentially open a path toward $0.075 to $0.08 USDT, further boosting market confidence.
- Technical Indicators Support: CHZ currently trades above all key EMAs (7, 25, and 99), indicating a strong bullish structure, with the alignment of short-term EMAs supporting buyer control, confirming that the breakout is driven by technical momentum rather than speculative spikes.
- Market Participation Resurgence: The weekly chart shows CHZ forming a macro bottom near $0.01, with recent candles displaying tight ranges and rising volume, signaling renewed participation from institutional and swing traders, suggesting potential for higher prices in the future.
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Technical Analysis for CHZ
Technical Sentiment Analysis for Chiliz (CHZ) As of , Chiliz (CHZ) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CHZ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, CHZ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chiliz (CHZ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0201 | 0.0272 | 0.0352 | 0.0423 | 0.0502 | 0.0574 | 0.0653 |
| Fibonacci | 0.0272 | 0.033 | 0.0365 | 0.0423 | 0.048 | 0.0516 | 0.0574 |
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