Chiliz asset has shown bullish potentialChiliz (CHZ) has been making giant strides in the market. The crypto project has also undertaking new partnerships to expand its footprint. recently, its price rocketed from an upward trendline towards the three times tested resistance level at near $0.1600. Likewise, the CHZ asset looks bullish as it stays above the major trend 50-day, and 200-day EMA's.
Chiliz has experienced a 20.41% increase in its value in the past week and is currently being traded at $0.15212, with a daily loss of -1.16. The ongoing formation of new partnerships suggests that the asset looks on the verge of significant growth.
According to the latest CHZ price prediction, the token has the potential to reach higher levels. To achieve this, and to attract a broader audience, the coin needs to expand its utility and technological capabilities. Regular high-profile partnerships are also a viable way to maintain relevance in the market.
Furthermore, the price has risen sharply towards the supply region that has been tested three times. At the time of writing, the CHZ price was once again at the same hurdle level for the 4th time. If the price manages to surpass the probable hurdle of $0.16000, it could target $0.30000, with the primary resistance level being $0.22000.
Similarly, the Chiliz asset has shown bullish potential, with the MACD indicating a bullish crossover and the RSI gradually rising to 68.79, supported by the 14-SMA smoothened line.
On the contrary, if the CHZ price fails to surpass the resistance level for the 4th time, the price could decline, potentially breaking below the current upward trendline.
