CHZ's Anticipated Market Value on May 3 – technical assessment of Chiliz coin

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Chiliz, known as the crypto fan token featuring sports and entertainment stars, is making waves as its price battles within a bullish arena. Here's what's going down:

Price: $0.042
Market Cap: $405.05 million
Circulating Supply: 9.56 billion
Ranking: #131 on Coinmarketcap

Putting Up a Fight: Chiliz's Battle Cry

After smashing past its September 2019 low of $0.004001, Chiliz has surged an astonishing +955.94% to get where it stands today*. Even though it's down roughly 95% from its March 2021 peak of $0.8915, smart dudes and dolls who spotted its potential early on have still cashed in on some juicy long-term gains.

CHZ/USD: Lights, Camera, Action!

Key Levels:

Resistance: $0.055, $0.060, $0.065

Support: $0.030, $0.025, $0.020

Chiliz is daringly defying gravity as it hovers near a significant barrier, following a stretch of prolonged bearish effects within a descending channel. But brace yourself! Recent price action shows that the Chiliz price has darted up to challenge and possibly break the boundaries of this bearish prison. If the bulls maintain this momentum and drive the price above this resistance zone, they'll spark a revolution and potentially flip the long-term trend.

CHZ Bull Run: Is the Future CHZzy?

Technically, CHZ/USD is presently trading right above both the 9-day and 21-day moving averages, which is a strong signal for more bullish action. As the 9-day MA dances above the 21-day MA, it amplifies the outlook for upside movement, showing that the herd is charging. If this trend kept moving forward, traders can expect Chiliz to march toward and tackle higher resistance levels at $0.055, $0.060, and $0.065, respectively. A breakout above the current hurdle could set the stage for a more consistent rally.

On the opposite end, losing this bullish setup could send Chiliz backpedaling to its support region around the $0.030, $0.025, and $0.020. Plus, if Chiliz breaks the moving averages, it might create fresh selling pressure, yanking the price back to lower vital points. At the moment, however, the market temperature seems to be warming up for the bulls, and continued buying action could whisk Chiliz toward its next ambitions.

CHZ/BTC: Time for a Switcheroo?

The CHZ/BTC pair presently scuffles within a descending channel, hinting at ongoing bearish pressure. But there's a twist! Recent mischief shows that Chiliz is huddling close to the channel's upper boundary. This move coincides with the price feeling clumsy at 437 SAT, but the slight rejection from the overhead resistance still ain't no deal-breaker. As the 9-day moving average (441 SAT) inches above the current price, it's clear that the bulls are strategizing a reclaim of short-term dominance. Meanwhile, the 21-day moving average (439 SAT) is smoothing out, hinting that the trend may shift if upward momentum strengthens.

However, for Chiliz to unleash the horns and thunder its way to a bullish declaration, it needs a fierce breakout above the channel's upper boundary and establish support above 445-450 SAT. If this happens, the next upside targets could be fixed at 570 SAT and beyond, aligning with the nearby resistance level. On the flip side, a failure to keep afloat above the mid-range support might force Chiliz to slide back to the lower channel boundary at 305 SAT. The volume profile exudes growing interest from buyers, so a breakout move in the short term is a real possibility if momentum continues to build.

Moreover, @VipRoseTr preached to his followers on X (formerly Twitter) that #Chiliz is starting to wriggle its way out of a falling wedge on the weekly timeframe, suggesting an upward dash toward significant targets at $0.055, $0.081, $0.140, and possibly as high as $0.300**.

$CHZ 🙌 #Chiliz is wriggling its way out of a falling wedge on the weekly timeframe 💁‍♂️

Now the price could swoop toward targets at $0.055, $0.081, $0.140 and $0.300🚀 pic.twitter.com/hzaETtZHlX

Rose Premium Signals 🌹 (@VipRoseTr) April 28, 2025

Chiliz Game-changers

Chiliz is on the fledge of a possible bullish reversal after a tormenting descent within a descending channel, and recent price actions hint at an impending breakout as the 9-day moving average dashes above the 21-day, demonstrating growing buying momentum. If this trend endures, further upward movement follows. But watch out! Losing this bullish formation might provoke new selling pressure.

Best to grab your slice of Chiliz through the Best Wallet platform, a practical and friendly user-interface designed for both beginners and pros. The wallet raised more than $11.9 million during its presale phase and boasts a user base of 250,000+ active users per month. Its revenue-generating model, which rakes in money from transactions, staking, and token sales, fortifies its long-term sustainability, and opens avenues for future yield or revenue-sharing initiatives.

Best Wallet Presale: Time to Load Your Crypto Cannons!

This is your call to invest in the Best Wallet token, which supports popular tokens like Chiliz. The platform features powerful built-in features like staking, token swapping, and user-friendly presale integration. Its revenue-generating model adds to its longevity, making it an attractive and forward-looking investment for both newbies and savvy crypto heads.

Endorsed by Multiple Sources:

CryptoHopper, NewsBTC, Cointelegraph, ZyCrypto, and Coinspeaker

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The Chiliz price has been showing signs of strength, having surged +955.94% since its September 2019 low, and currently positioned at #131 on Coinmarketcap with a market cap of $405.05 million.
In 2025, Chiliz could be poised for a bullish reversal as the 9-day moving average is surging above the 21-day, hinting at growing buying momentum. However, losing this bullish formation could lead to new selling pressure.
Smart finance decisions, like investing in the Best Wallet token that supports popular tokens like Chiliz, could potentially yield long-term gains as the platform has a user base of 250,000+ active users per month and a revenue-generating model that ensures its long-term sustainability.