Claim BonusWill The Rising Chiliz Price Surpass $0.3 Barrier?
The ongoing bull cycle within the channel pattern pierced several resistances as it made it to $0.257. Thus, doing so, the Chiliz price has recently breached resistance of $0.25, offering an entry for side-lined buyers. Should you enter the market now or wait for another price correction
Key Points:
- The $0.257 breakout would accelerate the bullish momentum.
- For a potential pullback, the rising EMA could offer suitable support
- The 24-hour trading volume in the Chiliz coin is $762.5% Million, indicating a 47% gain.
Source-Tradingview
The Chiliz price resonated sideways within a megaphone pattern for the last three months. On November 10th, the price rebounded from the pattern support trendline with a bullish engulfing candle.
Despite a sluggish rally in market leaders(Bitcoin and Ethereum), the Chiliz price has steadily recovered. Moreover, this bullish rally registers a 6.75% growth within two weeks. Furthermore, with a 10% intraday jump, the coin price currently trades at $0.2578 and breaches the $0.255 resistance.
Thus, a daily candle closing above the aforementioned will offer an additional launchpad to support further growth in Chiliz prices. With the bullish scenario, the ongoing bull cycle with the megaphone pattern should leaf the prices to the overhead trendline at $0.3. A breakout above the trendline will intensify the bullish momentum for further growth.
On a contrary note, the price has a high possibility for a bearish reversal from the rising trendline.
Technical Indicator
MACD indicator: the MACD and signal sustain above the neutral line despite the recent correction; the market sentiment remains bullish. Moreover, a bullish crossover would attract more buyers to the market.
EMAs: the flattish EMAs(20, 50, 100, and 200) turn upward, indicating some early signs of resumption of recovery rally.
Chiliz intraday price levels
- Spot price: $0.25
- Trend: Bullish
- Volatility: Low
- Resistance level- $0.283 and $0.3
- Support level- $0.255 and $0.23
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Related Articles
- Crypto Platforms Polymarket and Kalshi Hit With Cease-and-Desist Orders in Tennessee
- Binance Founder CZ Says ‘Super Cycle’ Incoming as VanEck Unveils $2.9M Bitcoin Target
- Will Bitcoin Crash or Rally? Top 3 Events to Watch This Week
- CLARITY Act Markup: Senate Banking Committee Issues Official Notice for Jan. 15
- Trump Tariffs: US Treasury Able to Refund Amid Crypto Market Crash Concerns
- XRP Price Outlook Ahead of Jan 15 CLARITY Act Vote
- Bitcoin Price Prediction: Digital Gold in Focus Amid US Strategic Crypto Reserve Talks
- Pi Network Price Prediction Ahead of 2026 First Upgrade
- Why Is Polygon (POL) Price Up Today? Here’s What’s Fueling the Surge
- What’s Keeping XRP Price Below $3 After a Significant Jan 2026 Rally?
- Top Crypto Analyst Predicts Cardano Price Can Hit $10: Will It?
