CHZ

Chiliz price prediction remains bullish; however, the overbought CHZ is likely to retrace until $0.2276. Chiliz (CHZ), a tokenized voice platform, allows sports fans to manage their favorite sports, teams, and esports organizations. Furthermore, users who purchase Chiliz-powered sports tokens have access to a private club, non-fungible tokens, specialized goods, and voting privileges for important decisions.

Chiliz has been used by sports organizations to provide fans with more ways to interact with their favorite teams. Chiliz works with well-known football clubs such as FC Barcelona, Paris Saint-Germain, Manchester City, and Athletico Madrid.

They also work with motorsports organizations such as the National Basketball Association (NBA), the Ultimate Fighting Championship (UFC), and the National Football League (NFL). Furthermore, in the days leading up to the FIFA World Cup 2022, which is set to begin on November 20, sports clubs and enthusiasts have increased their activities.

The FIFA World Cup is scheduled to take place for the 22nd time. In Qatar, the dates are November 20 to December 18, 2022. As the FIFA World Cup 2022 approaches, fan tokens may outperform altcoins and meme coins.

The Chiliz network’s FIFA World Cup offers may continue to drive high demand for CHZ. As a result, the value of fan tokens such as CHZ/USD is rising as FIFA 2022 approaches.

Chiliz Social Market Activity

Chiliz was chosen as the top cryptocurrency by LunarCrush out of 3,954 coins. According to the social intelligence analytics platform, all of CHZ’s social mentions grew by a three-figure percentage. According to 24-hour activity, the total number of social mentions exceeds 165%.

Three weeks prior to the most recent release, CHZ had reached a similar milestone. Chiliz was getting a lot of social mentions and interactions at the time. Santiment believes that now is the time to achieve it, especially with the FIFA World Cup approaching.

Chiliz is a blockchain-based sports supplier that is actively competing in the upcoming global competition. The event, however, was not the only factor in determining whether or not it is time to give CHZ the attention it most likely deserves.

Chiliz Price Prediction – CHZ to Pump to $1 Before Work Cup Opens on 20 November?

The current price of Chiliz is $0.236613, with a 24-hour trading volume of $488 million. Chiliz has decreased by 1.5% in the last 24 hours. The CHZ/USD pair began trading at $0.2375, ranging from a high of $0.2507 to a low of $0.2327.

CHZ

With a live market cap of $1.4 billion, CoinMarketCap currently ranks #38. There are 6,006,975,365 CHZ coins in circulation, with a maximum supply of 8,888,888,888 CHZ coins.

Market sentiment suggests that the price will rise in the coming days as the 0.2345 resistance level becomes the support level, keeping the coin stable. CHZ/USD has formed an ascending channel in the 4-hour timeframe, which is likely to keep CHZ bullish.

CHZ

Chiliz Price Chart – Source: Tradingview

Furthermore, the CHZ/USD pair has completed a 23.6% Fibonacci retracement, and a bearish breakout below $0.2345 could send the price down to the 38.2% Fib level. The RSI and MACD indicators show a mixed bias, with MACD in a selling zone and RSI in a buying zone. Keep an eye on $0.2345 to buy above or sell below it.

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