- CHZ price analysis suggests another bull run is on the way.
- The rise of CHZ is likely to be impacted by BTC rally after this year’s FOMC meeting
- Chiliz is facing resistance at $0.1429 and support at $0.1369.
The Chiliz (CHZ) price has been rising in the last 24 hours, indicating that buyers have taken control of the market. Since yesterday, the price of CHZ, which is currently trading at $0.1429, increased by 1.87%. In the CHZ market, the price of $0.1361 has emerged as a level of support for buyers, while $0.1429 has emerged as a level of resistance.
The fact that Bitcoin’s dramatic November reaction followed the Federal Open Market Committee (FOMC) statement further lends credence to this bullish forecast. Similarly, a surge in CHZ might be triggered by a spike in BTC after the FOMC statement.
Observed positive strength in the CHZ market is attributable to the fact that both trading volume and market capitalization have been on the rise, with the former increasing by 11.24 %, to $125,800,124, and the latter by 1.29 %, to $856,015,079.
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