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 May 10, 2024, Chiliz is trading at approximately 0.12982 USDT. Let’s dive into the detailed price action for CHZ-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1282 |
| High (H) | 0.13125 |
| Low (L) | 0.12811 |
| Close (C) | 0.12982 |
| Volume (C) | 42,314,209.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1282 USDT.
- High (H): Chiliz reached a daily high of around 0.13125 USDT.
- Low (L): The daily low for CHZ-USDT was approximately 0.12811 USDT.
- Close (C): At the time of analysis, Chiliz is trading near its daily close of 0.12982 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.30% |
| 3D Change (%) | 3.29% |
| 7D Change (%) | 7.91% |
| 30D Change (%) | -11.96% |
| 90D Change (%) | 28.01% |
| YTD Change (%) | 50.39% |
Over the past three days, CHZUSDT has risen by approximately 3.29%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 7.91%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CHZUSDT maintaining a downward trend of approximately -11.96%, despite intermittent fluctuations. Examining the last 90 days, CHZUSDT has witnessed substantial rise of approximately 28.01%, reflecting strong long-term confidence. Year-to-date, CHZUSDT has steadily appreciated by around 50.39%, 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 0.55422.
- Momentum score is 0.19672.
CHZ USDT Technical Analysis
Chiliz Trading Volume:
The trading volume for Chiliz (CHZ) over the past 24 hours has been insignificant, with approximately 42,314,209.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Chiliz is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CHZ-USDT is currently in the neutral zone, around 52.07415. 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 bullish 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.
Chiliz (CHZUSDT) poised for growth at 1.30e-01 USDT, as bullish technical analysis reveals robust support and promising indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on CHZ BTC Chiliz Technical Analysis if you found this post intriguing.
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.