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Where can Chiliz (CHZ) Coin Go Now?

According to coinmarketcap, the total supply of CHZ is around 8.8B CHZ and the circulating supply is around 5.6B CHZ. CHZ holds the 59th rank according to market cap.

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At the time of writing CHZ is being traded at the price of $0.5052 with an increase of almost 0.34% in the last 24 hours. CHZ is a really strong token fundamentally. The maximum and minimum today are $0.5404 and $0.4889 respectively. The daily trading volume has decreased by almost 35.72%. CHZ had created its ATH on 12th May 2021 and reached a price of almost $0.9449. The price later dropped down to a price of $0.1641. The past two months have been highly bullish for the price and we saw an increase of about 24.67% in the price. The price has done almost 4 times from the bottom.

Technical Analysis – Chiliz (CHZ)

Chiliz is already on the move to create higher highs and higher lows. Right now on the daily time frame we can see that the price has started to converge and squeeze.

The price has broken the structure after creating a giant momentous. This break of the structure was initiated two days before the printing of this green candle. This had created an order block and till date, that order block has been unmitigated and this may pose a danger for the price which may retrace down to this level.

Overall the price is still very much uncertain and cannot say for surely where it will move. Since its moving in a triangle, we can expect to retrace down from that level and again bounce back from the trend line. If the price is down then it can be expected that it will drop down to the level of the daily order block that has been created below. In the opposite case, we can go long and expect the price to move out of this triangle after it retests the same zone again.

Long Term Price Prediction – Chiliz (CHZ)

CHZ is a really strong token. After the launch of their fan tokens, we have seen a huge amount of gain in the price. As a result we can expect growth in the price in the future. According to wallet investor CHZ is expected to reach a value of around $0.80 in a year and is expected to reach a value of $2.127 in five years.

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