Chiliz (CHZ) Leads The Market By Adding Over 30% A Week In Bear

Name	Symbol	Market	Market Cap ($)	Algorithm
Polkadot	DOTUSD	Crypto	9,117,861,865	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Polkadot

DOTUSD

Crypto

9,117,861,865

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	6.86	6.86	6.86

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

6.86

High Price	Low Price	Open Price	Prev. Close	52 Week Range
6.95	6.72	6.86	6.86	3.56 - 12.01

High Price

Low Price

Open Price

Prev. Close

52 Week Range

6.95

6.72

6.86

3.56 - 12.01

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	19:40:24	3.29	6.86	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

19:40:24

3.29

6.86

USD

Price x Volume	Volume	Base Symbol	Related Pairs
4,821,758.03	704,584.82	DOT	DOTEUR	DOTGBP	DOTBTC

Price x Volume

Volume

Base Symbol

Related Pairs

4,821,758.03

704,584.82

Chiliz (CHZ) Leads The Market By Adding Over 30% A Week In Bear

23/09/2022 11:04pm

NEWSBTC

The outlook of the general crypto market hasn’t been very encouraging in recent times. This week saw most coins losing their daily and weekly price gains. For instance, Bitcoin stayed red in both daily and weekly price gains. Currently, its 24-hour price is showing a drop of 1.83%. But the 7 days movement shows a price loss of 4%. Ethereum has also shown an unimaginable loss in its 7 days price gain. Related Reading: Polkadot Suffers 10% Weekly Loss On Hawkish Fed – Time To Buy DOT? As of September 23, ETH hourly gain, 24 hours gain, and 7 days were all red. The crypto lost 0.02% in 24 hours and 11.44% in the 7-day movement. Chiliz CHZ Not Affected By Bearish Trend Chiliz (CHZ) is showing a different price movement amid the bearish momentum. Its gains in 7 days have continued to increase. Currently, CHZ is trading at $0.2685, showing a 5.31% price increase in 24 hours. But this gain is not the most interesting since CHZ’s price in 7 days has increased by around 30%. Since September 16, the coin has continued to climb considerably. It opened the market at $0.1901 but jumped during the day, reaching $0.2099. That day marked the beginning of a positive price movement that has lasted till today. CHZ has maintained its hold above $0.2 and hasn’t dipped below the price since September 16. But What Could Be Pushing Chiliz CHZ Continuously? The first notable push started with the announcement of CHZ 2.0, Chiliz native chain, last month. The developers informed the community of their intentions about launching the chain for their NFTs and fungible tokens, moving them away from the Ethereum blockchain. The announcement led to a spike in price and trading volume. After the information, the crypto whales again showed their hands, pushing transactions higher. Data reveal that the transactions reached above $100,000 and caused a rise in CHZ price by 12.5% on the same day. Analysts also predicted last month that CHZ would hit its cup and handle the pattern profit target of $0.32 by September. The indications were shown on August 14 when the token broke out of its prevailing cup and handle setup. Will, The Macro Factors Push CHZ Price, Down? Analysts predicted that CHZ would reach its profit target this month due to its positive movement in August. With the current movement in price, the token might reach the predicted price very soon. Gaining 30% in seven days is not an easy feat amid the ongoing bear trend. If it continues in that trend, CHZ might grow higher before September ends. Related Reading: PoW Tokens Take A Hit: Ravencoin and Ethereum Classic Crash Over 20% But then, the bearish market is due to macroeconomic factors, including inflation, a rising level of CPI, and continuous interest rate hikes. These factors contributed to the crash in the crypto market. No one can predict prices. So CHZ has many challenges to face to continue its upward trend. Featured image from Pixabay and chart from TradingView.com

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