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Cryptoknowmics 2022-05-01 03:19:54

Chiliz Free-falling, Dumps 40% from April Peaks as Sellers Target $0.16

Chiliz is down 40 percent from April 2022 peaks as bears double down. With increasing bear momentum, CHZ could crater to Q1 2022 lows provided prices are capped below $0.20. Past Performance of Chiliz Chiliz is currently trailing the USDT, BTC, and ETH, dropping roughly five percent in the past trading day. Overall, sellers are in the driving seat, forcing CHZ down 40 percent from April 2022 peaks. If bears step up, the coin could drop to retest Q1 2022 lows of around $0.16 in a steep correction, unwinding gains made from late February to March tops. Chiliz Technical Analysis The CHZ price is within a bear breakout formation following losses on April 6. The wide-ranging solid bear candlestick set the motion, drawing sellers and triggering panic-selling that saw prices slide from April peaks. As CHZ trends lower, the underlying sell pressure is also high. Notably, CHZ bear bars are banding along the lower BB suggesting strong bear momentum. At the same time, the divergence from the 20-day moving average indicates strong volatility. As a result, from the CHZUSDT candlestick arrangement, sellers may unload provided prices are below $0.20. The immediate bear target stands at $0.16. What to Expect from CHZ? The crypto market is free-falling, and CHZ is no exception. The odds of Chiliz token retesting Q1 2022 lows remain elevated.The post Chiliz Free-falling, Dumps 40% from April Peaks as Sellers Target $0.16 first appeared on Crypt...

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