Chiliz (CHZ) Price Prediction: CHZ May Continue to Push Higher

Chiliz price prediction: CHZ may continue to push higher

Chiliz price is showing signs of a potential bullish breakout as it tests the upper boundary of its descending channel, supported by favorable moving average alignment.

It’s often recommended to get into crypto projects as early as possible, and Chiliz (CHZ) is a great example of why — since hitting its all-time low of $0.004001 back on September 27, 2019, the token has surged by an incredible +955.94%.

Even though it’s currently down around 95% from its all-time high of $0.8915 reached in March 2021, those who recognized its potential early on have still seen massive long-term gains.

CHZ/USD attempts to solidify a bullish trend

Key Levels:

Resistance levels: $0.055, $0.060, $0.065

Support levels: $0.030, $0.025, $0.020

Chiliz price is attempting to solidify a bullish trend as it hovers around a key level, following an extended period of downward movement within a descending channel. However, recent price action shows that Chiliz has tested the upper boundary of this bearish channel, suggesting a potential breakout is underway.

If the bulls can maintain momentum and push the price above this resistance area, it could signal a reversal of the longer-term trend. On the other hand, failure to break through this level may lead to another round of selling pressure, pushing the price back toward the support region.

Technically, CHZ/USD is now trading just above both the 9-day and 21-day moving averages, which is a positive indicator for further bullish activity. The 9-day MA crossing above the 21-day MA strengthens the outlook for upward movement, showing that buying pressure is gaining traction.

If this trajectory continues, traders can expect the price to test higher resistance levels at $0.055, $0.060, and $0.065, while a breakout above the current zone could pave the way for a more sustained upward rally. However, if the bears regain control and break the price below the moving averages, it could trigger a continuation of the downtrend, bringing the price back to lower key levels.

For now, though, market sentiment appears to be shifting in favor of the bulls, and continued buying activity could drive CHZ toward its next upside targets.

CHZ/BTC could attempt a breakout

The CHZ/BTC pair currently trades within a descending channel, indicating prolonged bearish pressure. However, recent price action shows that CHZ has begun to consolidate near the channel's upper boundary.

This move comes as the price hovers around 437 SAT, with minor rejection from the overhead resistance. The 9-day moving average (441 SAT) is slightly above the current price, suggesting the bulls are trying to reclaim short-term momentum.

Meanwhile, the 21-day moving average (439 SAT) is flattening, hinting at a potential trend shift if upward momentum strengthens. Nevertheless, for CHZ to confirm a bullish reversal, it must decisively break above the channel's upper boundary and establish support above 445-450 SAT.

If this occurs, the next upside targets could lie at 570 SAT and beyond, aligning with the nearest resistance level. On the flip side, failure to hold above the mid-range support could see CHZ slip back toward the lower channel boundary at 305 SAT. The volume profile shows increasing buyer interest, so a breakout attempt in the short term is possible if momentum continues building.

Moreover, @VipRoseTr shared with his followers on X (formerly Twitter) that #Chiliz is showing a rebound from the lower boundary of a falling wedge on the weekly timeframe, suggesting a potential upward move toward key targets at $0.055, $0.081, $0.140, and possibly as high as $0.300.

Now the price could drive price towards targets at $0.055, $0.081, $0.140 and $0.300.

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