CHZ token is trading in a bullish trend and glimpsing higher high swings for the past weeks. The price action resembles the bull accumulation and the investors’ willingness to raise the token toward $0.2000. The trend is intact and reveals follow-on buying action, which signifies the bulls’ dominance. Per the Fib retracement levels, the token has stayed above the 50% zone and is heading to the 61.8% zone.
On the daily charts, the Chilliz token (CHZ) price persisted in delivering a bullish rally and soared over 110% in the last three months. The technicals are reflecting the long buildup activity and are glimpsing a golden crossover on the charts. Afterward, the token continued to lift the gains and is witnessing a bounce from the demand zone of $0.07000.
The Momentum Indicator (RSI) curve floats in the overbought zone, signifying the positive outlook. Moreover, the MACD indicator shows a bullish crossover and suggests a continuation of the rally for the next sessions.
On the weekly charts, the token exhibited a rounding shape of recovery and has surpassed the significant moving averages depicting the buying momentum. Following the market surge, the CHZ token has gained strength and is replicating a massive bounce. The token has exceeded the $0.1500 with a strong volume and is glimpsing investor interest. CHZ token has moved out of the correction phase and may retain the bullishness.
Summary
The Chilliz token (CHZ) price reveals a sharp rally and has witnessed bullish momentum for the past weeks. Moreover, the token is riding on a bullish track and will reach the $0.2000 mark soon.
Technical Levels
Support Levels: $0.1420 and $0.1300
Resistance Levels:$0.1600 and $0.1700
