|

Chiliz Price Prediction: CHZ prepares to catapult 200% and beyond

  • Chiliz price has been on an extended consolidation phase for more than a month.
  • A recent spike in buying pressure has allowed CHZ to take a jab at the supply zone ranging from $0.68 to $0.89.
  • For a massive bull rally, a decisive close above the upper boundary of this zone is a must.

Chiliz price is preparing for another explosive run-up that could be the start of a larger bull rally.

Chiliz price stuck between two crucial levels

On the 12-hour chart, Chiliz price reversed its downtrend after retracing nearly 62% from its highs. The new uptrend pierced into the 4-hour supply zone that ranges from $0.68 to $0.89 but failed to breach it. Now a pullback toward the demand is underway.

This downtrend could be cut short by the Momentum Reversal Indicator’s (MRI) State Trend Resistance at $0.61.

Although CHZ price could break down this resistance level, it could see a resurgence of buyers around the upper boundary of the support barrier at $0.52. 

Therefore, a spike in bullish momentum that results in a decisive 12-hour candlestick close above $0.89 will signal the start of a new rally.

Secondary confirmation of this upswing will arrive after the Chiliz price overcomes the all-time high at $0.95. After convincingly surpassing this crucial point, investors can expect CHZ to surge nearly 200% to $1.95 from the current price level.

If the FOMO kicks in during this rally, CHZ bulls could target $3, which would be a 340% surge.

CHZ/USDT 12-hour chart

CHZ/USDT 12-hour chart

Regardless of the bullish outlook, a breakdown of the current weekly open at $0.46 could signal weakening buyer pressure that could either halt the upswing or delay it. The worst-case scenario that could invalidate the bullish outlook would be for the Chiliz price to shatter the lower band of the demand zone at $0.35.

This move would trigger a 15% downtrend to $0.29.

Author

Akash Girimath

Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.

More from Akash Girimath
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.