- Chiliz (CHZ) price prediction for 2021 is up to $2-$3.
- Chiliz (CHZ) bearish market price prediction for 2021 is $0.20.
The crypto world continues to rock the financial economy as altcoins surge their prices toward the moon. Despite the market decline due to the pandemic, the market capitalization of the crypto world amounts to over $2 trillion. For this reason, global investors are now closely monitoring the performance of each cryptocurrency in the crypto world.
Chiliz (CHZ) is one of the active digital assets in the crypto world that keeps making noise due to its aggressive performance. This performance makes the crypto one of the top 50 cryptocurrencies in CoinGecko, as of writing.
Now that we already have some idea about the CHZ, do you think Chiliz will be a profitable crypto this year? Let’s check it out in this CryptoNewsLand prediction and analysis article. But before anything else, let us know more about the technology and features CHZ.
What is Chiliz (CHZ)
CHZ is one of the leading blockchain fintech providers for sports and entertainment. In short, the network provides their users blockchain-based tools to help them engage and monetize more of their audiences.
In terms of technology, the CHZ network developed Socios.com. Specifically, Socios.com acts as a fan engagement platform that enables fans to purchase branded fan tokens from some of the world’s top and renowned sports teams. Of course, the CHZ token will act as the exclusive platform currency of Socios.com.
Now that we know most of the things about CHZ, do you think CHZ will be a profitable crypto in 2021? Are you already excited to know? Therefore, join me in this CHZ price prediction and price analysis article.
Chiliz (CHZ) Price Analysis 2021
CHZ is one of the most aggressive digital assets in the crypto world. As a result, the 24-hour trading volume of the CHZ amounts to almost $2 billion. Would this be enough to encourage more investors in the platform? Are you already interested to know? Come and join me in this CHZ price analysis 2021 article.
As depicted in the graph above, CHZ remains above the Fibonacci golden ratio level (.618), a bullish level. Also, CHZ recorded a growth rate of over +1600% in the past month. If CHZ continues this uptrend performance, the crypto might be able to pass the psychological resistance level of 1 and 2. If it does, traders may expect CHZ to regain its position near $1, a position favored by investors.
Meanwhile, the relative strength index (RSI) of the crypto is at level 54.11. In other words, the crypto is neither oversold nor overbought. In this case, the traders and investors can expect more bullish days ahead of the crypto.
However, if the RSI of CHZ breaks either the 70 or 30 levels, the crypto might trigger a major price reversal. Indeed, this is a scenario that the investors and traders of CHZ must not overlook.
Chiliz (CHZ) Price Prediction 2021
So far, CHZ is doing great based on its aggressive performance in the past months. In terms of market position, CHZ market capitalization amounts to over $3 billion. As a result, CHZ ranks as one of the top 100 cryptocurrencies in CoinGecko.
Do you think this is enough to make CHZ a profitable crypto this year? Are you already curious? Therefore, join me, and together let us find out in this CHZ price prediction.
Based on the graph above, CHZ continues to move above the Arnaud Legoux Moving Averages (ALMA), an uptrend position. Today, CHZ trades at a high price of $.55 with a growth rate of +19.1% in the past 7days. If this bullish trend keeps on, CHZ might be able to break its $.84 resistance level in no time. If it does, traders and investors can expect the crypto to reach the bullish price of $1 anytime soon. Truly, this is an event that will make the investors of CHZ happy.
Furthermore, if CHZ maintains its record in reaching an increased rate of almost +20%, which is not impossible for CHZ to do. The price of the crypto might even exceed the bullish price of $1 and skyrocket its price between $2 to $3 before the year ends. Of course, this is possible if the bullish market continues to side with CHZ.
However, if the crypto fails to maintain its bullish vibe, the price of CHZ might decline. Specifically, the price of CHZ might fall to almost $.36, a bearish position. In this case, CHZ might find a way to recover and regain its position with the bulls. Otherwise, the bears might pull the price of CHZ even lower to $.20. Indeed, this is a market position that the investors do not favor.
Chiliz (CHZ) Price Prediction 2021 – MACD
On the other hand, the moving average convergence/divergence (MACD) of CHZ is about to perform a bullish crossover against the signal indicator. This means, CHZ might gain the upper hand against the bears in the days to come. In this case, traders and investors may expect more bullish days ahead of the crypto.
Conclusion
CHZ is one of the aggressive digital assets in the crypto space. For this reason, the bullish price prediction of CHZ before 2021 ends is between $2 to $3. On the other hand, the bearish price prediction of CHZ for 2021 is $.20.
Market prediction for the Chiliz (CHZ) price
1. Wallet Investor
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for CHZ amounts to $0.991.
2. Bitgur
Based on the high-resolution deal analysis from crypto exchanges, Bitgur was able to come up with the CHZ price forecast. Specifically, Bitgur’s prediction for CHZ would reach $.88 in the next 30 days.
3. TradingBeasts
TradingBeasts is one of the crypto networks that based its prediction and analysis using historical data with the combination of linear and polynomial regressions. As a result, the price forecast of TradingBeasts for CHZ will reach the maximum price of $.77 in May 2021.
FAQ
CHZ is one of the potential cryptocurrency this year. In fact, the crypto has recorded almost +9000% growth rate in the past 12 months. with this, we can say that CHZ is a good investment.
In terms of market position, CHZ ranks as one of the top 100 cryptocurrencies on CoinGecko. If investors continue to trust the cryptocurrency, CHZ might reach the bullish price of $3 in no time.
Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.
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