Chiliz Price Prediction: Is It A Trend Change Or Just A Pullback?

Chiliz Price Prediction
  • Chiliz (COINBASE: CHZ) price slid 0.71% on the past day and it is currently trading at $0.0825.
  • Chiliz (COINBASE: CHZ) derivatives data states that a total of $87.7K OI has been created on the long side against $12.3K OI on the short side in the past 24 hours.  

Chiliz is a crypto for sports and entertainment by a Malta-based FinTech company. It runs the Socios platform, which lets users join the governance of their favorite sports brands. has many fan tokens for that. For sports clubs and associations, fan tokens help them engage with their fans and earn more money.

Chiliz’s price is currently trading at $0.0825 with a decline of 0.71% in the past 24 hours. According to CoinMarketCap data, CHZ cryptocurrency holds a total market cap of $587.51 Million and ranks 70th  in the crypto market. It has received $41.92 Million in volume in the past 24 hours which is 16.9% less than the previous day. It also has over 7.1 Billion circulating supply which is 79.93% of the total supply. The volume to market cap ratio of Chiliz coin is 7.18% which indicates low volatility in the market.

Chiliz Price Prediction Using Price Action Strategy


The price prediction of Chiliz (CHZ) crypto showed a downtrend forming lower highs and lows in the weekly timeframe. In June 2023, the price slid further and made a new swing low. Thereafter, buyers showed some interest and the price recovered a bit.

Source: CHZ/USD By TradingView

On the daily chart, the CHZ price seems to be recovering after a new swing low. The price is increasing by forming higher highs and highs lows. Also, the price is taking support from a lower trendline. However, the recovery lacks momentum which can be justified by the short and indecisive candles being formed. 

The volume analysis adds confirmation of lacking momentum and it might be a pullback.  Now, if the price breaks below the trendline it will again invite sellers to enter the market and drag the price down.

Indicator Analysis

As per the EMA analysis, CHZ’s price is trading above 20 EMA and below all other higher EMAs. Also, 50-EMA is acting as a resistance for the market and the price is currently trying to break above it which indicates the short-term presence of buyers in the market. 

At the time of publishing, the RSI value of Chiliz is 56.28 and that of the SMA line is 49.13. RSI seems to be in an uptrend by taking support from the SMA line. 

MACD lines have made a bullish crossover and trying to break above the mean line which indicates the presence of short-term buyers in the market.


Chiliz’s (CHZ) coin price prediction concludes that it is trying to recover after a new swing low formation. It is recovering by forming higher highs and higher lows and taking support from a trendline. However, the volume analysis and chart candlestick analysis show that the CHZ price might be taking a pullback rather than recovering. Hence, the breakdown of lower support might invite the sellers to enter into the market and drag the prices down to form a new swing low.

Technical Levels

  • CHZ support levels at $0.072 and $0.0587.
  • CHZ resistance levels at $0.10 and $0.13.


The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

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