Chiliz (CHZ) appears to be in a cautious position today. After a strong week with a 9.69% price increase, CHZ is trading at approximately $0.079398, but technical indicators suggest a mixed sentiment. Over the last 24 hours, the price has dipped slightly by 1.16%, indicating a potential cooling off after recent gains.
Technical signals point to a bearish momentum in the short term. The RSI currently sits below 50, which suggests weaker momentum, and both moving averages are signaling a potential downtrend. Analysts suggest that while CHZ may experience a short-term correction, its overall outlook for the rest of 2024 remains positive, with the price potentially rising to $0.142916.
For now, investors may want to be cautious, keeping an eye on the marketâs response to any broader crypto trends. If you're looking for an entry point, consider waiting for clearer bullish signals before making moves.
#TrumpDeFi #MemeCoinTrending #TeslaTransferBTC i #BNBRisesTo600
