Chiliz (CHZ) Price Prediction 2022 – Will CHZ Hit $0.5 Soon?
- Bullish CHZ price prediction is $0.1908 to $0.3364.
- The CHZ price will also reach $0.5 soon.
- CHZ bearish market price prediction for 2022 is $0.1272.
In Chiliz (CHZ) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about CHZ to analyze the future movement of the cryptocurrency.
Chiliz (CHZ) Current Market Status
According to CoinGecko, the price of Chiliz (CHZ) is $0.1800 with a 24-hour trading volume of $139,724,394 at the time of writing. However, CHZ has decreased to 2.9% in the last 24 hours.
Moreover, Chiliz (CHZ) has a circulating supply of 5,344,064,580 CHZ. Currently, CHZ trades in cryptocurrency exchanges such as Binance, Coinbase, Bybit, MEXC, CoinW, OKX, and CoinTiger.
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 (CHZ) holds the 55th position on CoinGecko right now. CHZ price prediction 2022 is explained below with a daily time frame.
The above chart of CHZ laid out a Falling Wedge. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.
This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Chiliz (CHZ) is at $0.1800. If the pattern continues, the price of CHZ might reach the resistance level of $0.1908, and $0.2818. If the trend reverses, then the price of CHZ may fall to $0.1629.
Chiliz (CHZ) Support and Resistance Levels
The chart below shows the support and resistance levels of Chiliz (CHZ).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Chiliz (CHZ).
- Resistance Level 1 – $0.2013
- Resistance Level 2 – $0.2603
- Resistance Level 3 – $0.3364
- Support Level 1 – $0.1629
- Support Level 2 – $0.1272
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 $0.3364.
Accordingly, if the investors turn against the crypto, the price of the CHZ might plummet to almost $0.1272, a bearish signal.
Chiliz (CHZ) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Chiliz (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 weak participants in the current trend.
Moreover, the Moving Average (MA) of Chiliz (CHZ) is shown in the above chart. Notably, the CHZ price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, CHZ is in a bearish state. There is a possibility of a reversal trend of CHZ at any time.
Meanwhile, the relative strength index (RSI) of the CHZ is at a level of 41.82. This means that CHZ is in a nearly oversold state. However, this gives confidence to the traders to trade without any fear.
Chiliz (CHZ) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Chiliz (CHZ). 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 (CHZ). Currently, CHZ lies in the range of 40.02, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Chiliz (CHZ). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CHZ lies below 50, indicating that the direction of volatility is low. In fact, CHZ’s RSI is at 41.82, thus confirming a potential sell signal.
Comparison of CHZ with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Chiliz (CHZ).
From the above chart, we can interpret ETH, BTC, and CHZ are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and CHZ also increase or decrease respectively.
Chiliz (CHZ) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Chiliz (CHZ) might probably attain $1.5 by 2023.
Chiliz (CHZ) Price Prediction 2024
With several upgrades in the network, Chiliz (CHZ) might enter a bullish trajectory. If the coin grabs the attention of major investors, CHZ might rally to hit $2.1 by 2024.
Chiliz (CHZ) Price Prediction 2025
If Chiliz (CHZ) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, CHZ would rally to hit $2.9.
Chiliz (CHZ) Price Prediction 2026
If Chiliz (CHZ) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, CHZ would rally to hit $4.
Chiliz (CHZ) Price Prediction 2027
If Chiliz (CHZ) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, CHZ would rally to hit $4.6.
Chiliz (CHZ) Price Prediction 2028
If Chiliz (CHZ) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, CHZ would hit $5.3.
Chiliz (CHZ) Price Prediction 2029
If investors flock in and continue to place their bets on Chiliz (CHZ), it would witness major spikes. CHZ might hit $6 by 2029.
Chiliz (CHZ) Price Prediction 2030
With greater advancements in the Chiliz ecosystem, the crypto community might continue to invest in Chiliz (CHZ) for the next 8 years and drive significant price rallies for the token. Hence, Chiliz (CHZ) might hit $6.5 by 2030.
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 (CHZ) in 2022 is $0.3364. On the other hand, the bearish price prediction of Chiliz (CHZ) for 2022 is $0.1272.
Furthermore, with the advancements and upgrades in the Chiliz ecosystem, the performance of Chiliz (CHZ) would rise to reach above its new all-time high (ATH) of $0.878633 very soon. But, it might also reach $0.5 if the investors believe that CHZ is a good investment in 2022.
FAQ
Chiliz is the currency of choice for blockchain-backed products and services for mainstream consumers.
Chiliz (CHZ) has been listed on many crypto exchanges which include Binance, OKX, CoinW, Bybit, and FTX.
With the ongoing developments and upgrades within the Chiliz platform, Chiliz (CHZ) has a high possibility of reaching its ATH soon.
On March 13, 2021, Chiliz (CHZ) reached its new all-time high (ATH) of $0.878633.
Chiliz (CHZ) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Chiliz in the past few months, CHZ is considered a good investment in 2022.
Chiliz (CHZ) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Chiliz (CHZ) will hit $0.5 soon.
Chiliz (CHZ) price is expected to reach $1.5 by 2023.
Chiliz (CHZ) price is expected to reach $2.1 by 2024.
9. What will be the Chiliz (CHZ) price by 2025?
Chiliz (CHZ) price is expected to reach $2.9 by 2025.
Chiliz (CHZ) price is expected to reach $4 by 2026
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
