Chiliz (CHZ) Drops 4.98% Today, But Is Trying To Jump This Month Amid Recent News

Today CHZ price is down by 4.98% in the last 24 hours. Chiz is a cryptocurrency that enables mainstream consumers to transact with blockchain-backed products and services. Chiliz aims to democratize experiences that are powered by the Internet. The Chiliz price is struggling to maintain its upward trajectory after testing its 200-day moving average line. It is also trying to sustain above its 20- and 50-DMA lines. The cryptocurrency asset is trying to find support at the 200- and 100-day MA lines. Multiple-time recovery is being observed after it tested the critical support levels.
The coin’s volume is lower than its average line, which indicates that its momentum is still positive. If it manages to sustain above its short-term moving average, it can expect to see its next upside target at the $0.03700 level. The 4-hour chart of CHZ shows that the token is facing rejection on the higher side. The weekly chart is also showing a minor pullback from the upper bound.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.