In this Chiliz technical analysis, we will examine the current price action, trading volume, key levels and indicators for CHZ-USDT. Chiliz (CHZ) is a blockchain-based cryptocurrency that empowers sports and entertainment fans to participate in the decision-making process of their favorite teams and artists. CHZ enables users to purchase digital assets, such as fan tokens, which can be used to vote on various matters related to the team or artist. By leveraging blockchain technology, Chiliz aims to revolutionize the way fans engage with their favorite sports and entertainment properties.
Chiliz Price Overview:
As of June 13, 2024, Chiliz is trading at approximately 0.11457 USDT. Let’s dive into the detailed price action for CHZ-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.12022 |
| High (H) | 0.12045 |
| Low (L) | 0.11433 |
| Close (C) | 0.11457 |
| Volume (C) | 121,017,837.00 |
- Open (O): The opening price for today’s trading session was approximately 0.12022 USDT.
- High (H): Chiliz reached a daily high of around 0.12045 USDT.
- Low (L): The daily low for CHZ-USDT was approximately 0.11433 USDT.
- Close (C): At the time of analysis, Chiliz is trading near its daily close of 0.11457 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.70% |
| 3D Change (%) | -8.67% |
| 7D Change (%) | -16.51% |
| 30D Change (%) | 2.59% |
| 90D Change (%) | -22.26% |
| YTD Change (%) | 32.73% |
Over the past three days, CHZUSDT has fallen by approximately -8.67%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -16.51%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CHZUSDT maintaining an upward trend of approximately 2.59%, despite intermittent fluctuations. Examining the last 90 days, CHZUSDT has witnessed substantial drop of approximately -22.26%, reflecting strong long-term confidence. Year-to-date, CHZUSDT has steadily appreciated by around 32.73%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Chiliz Live Chart:
You can access a live price chart for CHZ-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.06081.
- Momentum score is -0.01909.
CHZ USDT Technical Analysis
Chiliz Trading Volume:
The trading volume for Chiliz (CHZ) over the past 24 hours has been insignificant, with approximately 121,017,837.00 USDT traded against CHZ. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): CHZ is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Chiliz is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CHZ-USDT is currently in the neutral zone, around 45.88865. This suggests that Chiliz is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Chiliz (CHZ-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Explore potential downturns for Chiliz (CHZUSDT) at 1.15e-01 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.