{"id":503434,"date":"2022-09-23T22:04:57","date_gmt":"2022-09-23T22:04:57","guid":{"rendered":"https:\/\/ktsl888.com\/?p=503434"},"modified":"2022-09-23T22:05:54","modified_gmt":"2022-09-23T22:05:54","slug":"chiliz-chz-leads-the-market-by-adding-over-30-a-week-in-bear","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/chiliz-chz\/chiliz-chz-leads-the-market-by-adding-over-30-a-week-in-bear\/","title":{"rendered":"Chiliz (CHZ) Leads The Market By Adding Over 30% A Week In Bear"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The outlook of the general crypto market hasn\u2019t been very encouraging in recent times. This week saw most coins losing their daily and weekly price gains. For instance, <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> stayed red in both daily and weekly price gains.<\/span> <span style=\"font-weight: 400\">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.<\/span><\/p>\n<p style=\"text-align: center\"><strong>Related Reading: <a href=\"https:\/\/ktsl888.com\/all\/polkadot-suffers-10-weekly-loss\/\" target=\"_blank\" rel=\"noopener \">Polkadot Suffers 10% Weekly Loss On Hawkish Fed \u2013 Time To Buy DOT?<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">As of September 23, <\/span><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">ETH hourly gain, 24 hours gain<\/span><\/a><span style=\"font-weight: 400\">, and 7 days were all red. The crypto lost 0.02% in 24 hours and 11.44% in the 7-day movement.\u00a0<\/span><\/p>\n<h2><b>Chiliz CHZ Not Affected By Bearish Trend\u00a0\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">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.\u00a0<\/span> <span style=\"font-weight: 400\">But this gain is not the most interesting since CHZ&#8217;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.\u00a0<\/span> <span style=\"font-weight: 400\">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&#8217;t dipped below the price since September 16.\u00a0<\/span><\/p>\n<figure id=\"attachment_503436\" aria-describedby=\"caption-attachment-503436\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-503436\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/CHZUSD_2022-09-24_01-54-12.png?resize=860%2C473\" alt=\"CHZUSD\" width=\"860\" height=\"473\"><figcaption id=\"caption-attachment-503436\" class=\"wp-caption-text\">CHZ&#8217;s price is currently hovering at $0.2713. | SOurce: CHZUSD price chart from <a href=\"https:\/\/www.tradingview.com\/chart\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2><b>But What Could Be Pushing Chiliz CHZ Continuously?\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">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.\u00a0<\/span> <span style=\"font-weight: 400\">The announcement led to a spike in price and trading volume.<\/span><\/p>\n<p><span style=\"font-weight: 400\">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.\u00a0<\/span> <span style=\"font-weight: 400\">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.\u00a0\u00a0<\/span><\/p>\n<h2><b>Will, The Macro Factors Push CHZ Price, Down?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">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.\u00a0<\/span> <span style=\"font-weight: 400\">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.\u00a0<\/span><\/p>\n<p style=\"text-align: center\"><strong>Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/pow-tokens-take-a-hit-ravencoin-and-ethereum-classic-crash-over-20\/\" target=\"_blank\" rel=\"noopener \">PoW Tokens Take A Hit: Ravencoin and Ethereum Classic Crash Over 20%<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">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.\u00a0<\/span> <span style=\"font-weight: 400\">No one can predict prices. So CHZ has many challenges to face to continue its upward trend.\u00a0<\/span><\/p>\n<pre style=\"text-align: center\">Featured image from Pixabay and chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The outlook of the general crypto market hasn\u2019t 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 \u2013 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.\u00a0 Chiliz CHZ Not Affected By Bearish Trend\u00a0\u00a0 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.\u00a0 But this gain is not the most interesting since CHZ&#8217;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.\u00a0 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&#8217;t dipped below the price since September 16.\u00a0 But What Could Be Pushing Chiliz CHZ Continuously?\u00a0 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.\u00a0 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.\u00a0 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.\u00a0\u00a0 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.\u00a0 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.\u00a0 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.\u00a0 No one can predict prices. So CHZ has many challenges to face to continue its upward trend.\u00a0 Featured image from Pixabay and chart from TradingView.com<\/p>\n","protected":false},"author":568,"featured_media":503437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86941],"tags":[86942,86883,86944,86943,1558],"class_list":["post-503434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chiliz-chz","tag-chiliz-chz","tag-chz-price","tag-chz-price-analysis","tag-chzusd","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>Chiliz (CHZ) Leads Gain By Adding Over 30% A Week In Bear<\/title>\n<meta name=\"description\" content=\"Chiliz CHZ is showing a different price movement amid the bearish momentum. 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