Bullish CHZ price prediction is $0.24 to $0.45.
CHZ price might also reach $0.6 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 $0.212 with a 24-hour trading volume of $108,426,656 at the time of writing. However, CHZ has increased nearly 4.9% 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, Mandala Exchange, Hotcoin Global, and Bybit.
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 92nd 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 $0.212. 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 – $0.2431
Resistance Level 2 – $0.3507
Resistance Level 3 – $0.4539
Resistance Level 4 – $0.6016
Support Level – $0.1656
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 $0.6016.
Accordingly, if the investors turn against the crypto, the price of the CHZ might plummet to almost $0.1656, 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 below the cutoff line, indicating weaker participants in the current trend.
More so, the CHZ’s Moving Average (MA) is shown in the chart above. Currently, CHZ is in a bullish state. Notably, the CHZ price lies above 50 MA (short-term), so it is completely in an upward 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 54.76. This means that CHZ is in a neither oversold nor overbought 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 10.15, 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 above the 50 levels, indicating that the direction of volatility is high. In fact, CHZ’s RSI is at 54.76 level thus confirming a potential buy signal.
Comparison of CHZ with BTC, ETH
we 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 $0.60. 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) $0.45 very soon. But, it might also reach $0.6 if the investors believe that CHZ is a good investment in 2022.