Is Chiliz (CHZ) Trending Lower or Higher Tuesday?

Tuesday, August 30, 2022 05:14 PM | InvestorsObserver Analysts

Chiliz receives a strong long-term technical score of 97 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. CHZ currently holds a superior long-term technical analysis score than 97% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Chiliz a 97 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

CHZ is currently $0.0700000 (53.00%) above its 100-day moving average price of $0.130000000 with its current price of $0.200000000. Meanwhile, Chiliz is $0.1200000 (-13277.34%) above its 52-week low price of $0.080000000 and -$0.44000000 (-1524.34%) below its 52-week high of $0.640000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 97. Trends for the long-term trading history of Chiliz suggest that traders are currently neutral on the token. Chiliz currently has a total market cap of $1,190,191,655.70 to go along with its average daily volume of $2,719,265,987.64 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 405,919,479.86 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

Technical analysis of Chiliz over the past year results in the crypto receiving a a strong long-term technical score of 97 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Chiliz (CHZ).