BTC$49 128.70


ETH$4 120.96


Binance Coin








Chiliz (CHZ) Displays the Moderately Bullish Stance

October 2020

In our last CHZ price prediction article, we anticipated the price to breakout from the symmetrical triangle after going past the price level at $0.014. Since that publication, it took the sports token only seven days to consolidate and then perform the predicted breakout that started a short but sweet 110% bull rally that lasted for 22 days.

CHZ chart before the breakout

Current CHZ daily chart

The rally ended with Chiliz reaching the all-time high at $0.022 on August 18 and then capitulating all the way to $0.0098 is two successive dumps with shallow retracements. However, the landslide had stopped at that particular price level, which now acts as multi-week support and the area from which Chiliz can potentially launch another bull rally before the end of the year.

As of this writing, CHZ is priced at $0.0113, established after a tiny 0.78% price increase in the past 24 hours, which places the price 52% away from the new ATH. The previous month wasn’t particularly fruitful for the altcoin that powers the blockchain platform as it went red against USD by 9.66% - the same applies to BTC (-19%) and ETH (-13.4%). But Chiliz’s performance on the yearly scale remains positive as its gains against USD amount to 129%; it also went up by 65.6% in the Bitcoin market but managed to get only a small 8.7% advantage over Ethereum.    

All-time CHZ chart

The historical chart clearly shows that Chiliz is trying to make a full-fledged reversal after the March lows, but the September selloff came at a bad time as CHZ had just begun making an upswing. Now, with the uptrend structure being disrupted, the buyers need to hold the price near the support at $0.01; otherwise, the correction will take CHZ much deeper, possibly even to $0.007.

Chiliz is in for consolidation or breakout

The daily chart makes it apparent that CHZ has found a comfortable support level at $0.01 as the price has tested it multiple times without falling under. In addition, the middle line of Bollinger Bands (BB) has begun to straighten out after sloping down considerably in the midst of the correction, which usually signals about the beginning of consolidation. Notice that the market participants have taken the price action above the said middle line for the first time since August 24. The BBs are also forming a tighter squeeze, so the price will either go into an even narrower range (presumably the one between $0.0146 and $0.017) or experience a spike of volatility. Given the shallowness of the last retracement to $0.0109, we expect the resolution of the BB squeeze to be to the upside, potentially a 15% rally to the upper line of a wider consolidation channel ($0.01 - $0.013).

This move is supported by the increasing buying volume in the last five days, as well as the potential bullish divergence on Stochastic. However, in order for the divergence to finalize itself, the indicator must travel to 76 or higher. The next week’s price action will determine whether Chiliz is ready for the breakout above $0.013.

Author: Alex Paulson for


Chiliz (CHZ): Price Action Stalls Before the Breakout
Chiliz (CHZ): Price Action Stalls Before the Breakout
Chiliz (CHZ): Price Gets a Boost After the UFC Partnership
Chiliz (CHZ): Price Gets a Boost After the UFC Partnership
Chiliz Degrading on the Back of the Halted Football Events
Chiliz Degrading on the Back of the Halted Football Events
Chiliz (CHZ) Price Analysis and Forecast
Chiliz (CHZ) Price Analysis and Forecast

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76.4% 50 $49 128.70 -7.55% -10.26% $928 110 420 973 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 81.2% 36 $4 120.96 -1.29% 0.92% $488 780 881 496 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 80.8% 32 $562.73 -3.52% -6.79% $93 864 649 605 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 92% 1 $1.001430 0.08% 0.06% $74 263 665 994 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 70% 62 $198.10 -2.74% 3.42% $60 546 003 381 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 64% 72 $1.39 -8.63% -9.93% $46 287 449 057 ADA 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.4% 2 $1.000097 -0.05% 0% $40 029 698 519 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 70% 66 $0.836385 -7.82% -11.54% $39 516 931 096 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 69.6% 62 $74.36 25.00% 66.02% $28 825 591 225 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 62.8% 76 $28.96 -12.18% -17.48% $28 604 270 701 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 66% 73 $0.176449 -10.40% -13.54% $23 359 356 254 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 64.4% 75 $90.68 -11.80% -18.97% $22 009 485 134 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.4% 76 $0.000036 -8.88% -7.14% $19 722 014 052 SHIB 7 days price change
14 Chain (CRO) CRO Chain predictions 57.6% 86 $0.600991 -3.69% -20.69% $15 182 834 806 CRO 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 67.6% 62 $1.97 -8.29% 22.24% $13 803 349 402 MATIC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.