Based on the provided data, let's analyze the technical and fundamental aspects of Chiliz (CHZ) and provide a price movement direction based on support and resistance levels.
Technical Analysis:
- Current Close Price: $0.08226465
- 20-day Simple Moving Average (SMA20): $0.07987552
- 50-day Simple Moving Average (SMA50): $0.0763893
- 200-day Simple Moving Average (SMA200): $0.07174373
- Bollinger Bands (BB): The upper band is at $0.09203326, and the lower band is at $0.06771778.
- Relative Strength Index (RSI): 53.91
- Momentum (Mom): 0.0048
- Acceleration Oscillator (AO): 0.0082
- Commodity Channel Index (CCI20): 29.64
- Stochastic Oscillator: The %K line is at 48.86, and the %D line is at 60.65.
- Moving Average Convergence Divergence (MACD): The MACD line is at 0.0031, and the signal line is at 0.0029.
Fundamental Analysis:
- Market Capitalization: $629,741,948.21
- 24-hour Trading Volume: $41,592,353.18
- Circulating Supply: 7,655,073,479.97 CHZ
- Total Supply: 8,888,888,888 CHZ
Price Movement Direction:
Based on the technical analysis indicators, it appears that Chiliz (CHZ) is currently experiencing a moderately bullish trend. The price is trading above the 20-day SMA and has recently crossed above the 50-day SMA, indicating potential positive momentum. The RSI is neutral, indicating a balanced market sentiment. The MACD shows bullish momentum.
In terms of key support and resistance levels, the lower Bollinger Band at $0.06771778 could act as a strong support level. On the upside, the upper Bollinger Band at $0.09203326 might pose resistance.
It's important to consider that cryptocurrency markets can be highly volatile and subject to rapid changes. It is recommended to use additional technical indicators, fundamental analysis, and market trends to make informed investment decisions.
