Is Chiliz (CHZ) Trending Lower or Higher Sunday?

Sunday, January 21, 2024 06:13 AM | InvestorsObserver Analysts

InvestorsObserver gives Chiliz a strong long-term technical score of 88 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. CHZ at this time has a superior long-term technical analysis score than 88% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Chiliz a 88 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Chiliz!

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Trading Analysis

Chiliz's price is $0.0300000 (35.89%) above its 100-day moving average price of $0.080000000 as its price at the moment sits at $0.110000000. Additionally, CHZ is $0.0500000 (-20251.48%) higher than its 52-week low price of $0.050000000 while -$0.07000000 (-5562.09%) under its 52-week high of $0.180000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives CHZ a strong long-term technical score of 88. Long-term trading movement of Chiliz suggest that investors are neutral on the token at the moment. Chiliz currently has a total market cap of $936,954,986.28 to go along with its average daily volume of $723,338,090.81 worth of the currency over the past seven days. CHZ's volume is below its seven day average as of the past 24 hours, with 207,312,003.81 exchanged in that period. This token's subclass Sports and Fan Tokens: Tokens connected to sports and other fandoms. These may provide access to exclusive rewards. They may or may not be issued by a particular sports franchise or club. Some of these tokens can be traded for club merchandise or even be exclusive digital art.

Summary

Trading patterns over the last year for Chiliz leads to the token's a strong long-term technical score of 88 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Chiliz (CHZ).