Chiliz Price Prediction – Will CHZ Price Hit $2 in 2021?

This Chiliz Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration when coming up with our CHZ price analysis and prediction.

Nowadays, people are showing huge interest in cryptocurrency. In addition, many cryptocurrencies have spiked during the current 2021 bull run. However, a few cryptos have also endured a downtrend. Consequently, many traders and investors are confused about whether it is time to sell or hold out for a good price.

The Chiliz price reached its newest all-time high (ATH) this March 13, 2021, at $0.89. It also reached a 24-hour trading volume of over $429,104,093.

Nevertheless, the crypto market is in the bearish movement lately, and most cryptos are losing their previous profits. Is the scenario the same with CHZ price? We’ll find out shortly in this CHZ price analysis 2021 article. But first, let’s have a look at what CHZ is.

What Is Chiliz (CHZ)?

Chiliz is one of the blockchains for esports and gaming crowdfunding. Officially launched in 2019, the concept for Chiliz and the platform Socios.com were initially conceived in 2016.

The Socios.com platform also aims to help fans to buy tokenized voting rights for the teams they support. For example, football club Juventus is the first to launch a team token through the Socios.com website. Since then, more than a hundred various teams have joined the platform.

Now that we have an idea about Chiliz, do you think CHZ will be profitable crypto in 2021? Are you curious to find out already? Join me and let us see the charts in this CHZ price analysis and CHZ price prediction.

Chiliz (CHZ) Current Market Status

As of the time of writing this Chiliz price analysis, CHZ trades at $0.423 with a 24-hour trading volume of $361,007,902. The price of CHZ has increased by 2.47% in the last 24 hours.

Furthermore, CHZ has a current circulating supply of 5.89B CHZ. Currently, the top cryptocurrency exchanges for CHZ are Binance, OKEx, FTX, Huobi Global, and CoinTiger.

Now, let’s proceed to the next part of this CHZ technical analysis for 2021.

Chiliz (CHZ) Price Analysis 2021

Currently, CHZ holds 71st place on CoinGecko. But will the recent changes and developments in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this CHZ price prediction article.

In the chart above, which is set in a daily time frame, we can see the Ascending Channel pattern. An ascending channel is the price action occurring in an upward direction through a sloping parallel line. Also, the chart displays the Higher highs and higher lows from this price pattern. More so, this pattern represents a short-term bullish.

As shown above, at the beginning of this month, CHZ turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is at 67.08, which means that CHZ is in a nearly overbought state. Consequently, this may lead to a price reversal at any given time. Therefore, traders must trade with care and avoid being affected by the market hype. With this in mind, crypto traders can be cautious and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).

Since the start of 2021, Chiliz’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidations, and corrections right away. Taking this into consideration, CHZ has a competitive market this 2021.

Chiliz (CHZ) Price Prediction 2021

The chart below shows that Chiliz has performed great over the past few days. Moreover, the CHZ price is over 25% in the last 7 days. If this trend continues, CHZ might run along with the bulls, overtaking its $0.95 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone CHZ from its uptrend position. In simpler terms, the price of CHZ might plummet to almost $0.31, a bearish signal.

Meanwhile, our long-term CHZ price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.89 this year. Notably, that will only happen if it breaks many previous psychological resistances.

Chiliz (CHZ) Price Prediction 2022

If this bullish trend continues, CHZ will hit $2.5 by the end of 2022. Moreover, the first half of 2022 is going to reveal fast growth, up to $2.55. Then the rise will slow down, but no major falls are expected. With upcoming partnerships and developments happening, reaching $2.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Chiliz (CHZ) Price Prediction 2023

If CHZ holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $3.85, making it not plummet but play consistently.

Chiliz (CHZ) Price Prediction 2024

As per the latest upgrades, developments, CHZ price prediction, and new project forecasts of the platform, CHZ investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of CHZ in the crypto market, and it will be the best investment as the price can spike and reach around $5.

Chiliz (CHZ) Price Prediction 2025

In the next four years, CHZ prices could race up to $7. In addition, reaching this level could not be so difficult for CHZ as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that CHZ has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

CHZ has a bright future ahead of it in 2021. With ongoing developments happening within the CHZ ecosystem, as well as in the overall crypto market, we may see CHZ reach new heights.

Meanwhile, our long-term CHZ price prediction 2021 is bullish. It has a high possibility of surpassing its current ATH this year. However, that will only happen if it breaks previous psychological resistances.

Bullish CHZ price prediction 2021 is $0.95. Moreover, it may even reach $2 if investors have decided that CHZ is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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