In this article we are going to review the Chia Coin with the latest price analysis and price predictions for Chia Coin.
This article is completely based upon Technical Analysis and Price Action of Chia Coin
As there are more than 17,000 cryptocurrencies in crypto market with a lot of cryptocurrencies being shady. it might be difficult to decide which crypto is worth buying and can give good profits in medium to long term point of view and most importantly is Chia Coin is one of those crypto which can perform good in market?
So, Let’s Begin
Chia Coin Current Market Overview
According to Coinmarketcap, Chia Coin currently trading at 64.05 USD and ranks at around #369 with a market cap of $238,215,443. Currently Chia Coin is up 0.50% in last 24 hour with a volume of $10,075,563. the circulating supply of 3,720,350.00 coins and maximum supply of 22,582,025 coins.
Chia Coin is available on top crypto exchanges in the world such as huobi, gate.io, kucoin and Okex
Chia Coin Price and Technical Analysis
As Shown in the chart above, currently chia coin keeps dipping despite bitcoin price movements while this super bearish price movement is more related to the fundamentals and as there is no pattern which chia coin might be following while as highlightedd in the chart abov the spike in price, chia coin can spike 30-40% with continuation of downtrend.
and The Support level is Holding at around 60.1 – 60.5$ which seems to be the last support level on the price chart.
While, the resistance levels are currently at 71$ and Second Resistance is at 76$ according to 1D Chart.
Chia Coin Support Levels & Resistance Levels
Support Levels : Currently, the support levels for Chia Coin at around $60.1 , The second Support levels for Chia Coin are at around 60.3$
Resistance Levels : Currently, the resistance levels for Chia Coin at around 71$ , The second resistance levels for Chia Coin are at around 76$,
Technical Indicators – 100 Day and 200 Day Moving Average – Stoch RSI
Stoch RSI (Relative Strength Index) – Bullish
RSI (Relative Strength Index) is a technical indicator Which shows that whether A Coin is Overbought or Oversold at a particular period of time. Chia Coin is currently showing its RSI value at 60, Which indicates that the market can push upwards but a short term correction is certain.. RSI value below and Above 50 while pushing upwards is considered bullish until RSI crosses 70, which indicates overbought, which usually indicates a correction in price.
100 Day Moving Average – Bearish
100D Moving Average : As shown in the chart, The 100D moving average is currently below the price level indicating bullish movement as Moving average work as support when the price is above the moving average and vice versa.
200 Day Moving Average – Bearish
200D Moving Average : 200D moving average is one of the important indicator for long term trend analysis of any cryptocurrency which in Chia Coin seems to be short term Bearish which is common. And Long term remains bullish.
Overall Chart Summary
Stoch RSI (Relative Strength Index) – Bullish
100 Day Moving Average – bearish
200 Day Moving Average – Bearish
Chia Coin Price prediction for 2022
In Case of the bullish market conditions, Chia Coin can easily target the price levels of 71$, 76$ , 89$ in 2022 , While as per our Research and analysis, The chances of chia coin breaking 89$ Resistance level are low due to the overall analysis of Chia Coin.
Chia Coin Price prediction for 2023
Chia Coin Can perform well if There are huge future developments and partnerships could lead Chia Coin price to Skyrocket. Before that, it has to break Previous Major Psychological Resistance. Right now, Chia Coin Price Chart Does not look Impressive and indicates further drop in price.
Disclaimer
This material is primarily for the aim of educating the reader. It does not constitute a formal offer to buy or sell anything, nor does it constitute a recommendation or endorsement of any specific products, services, or enterprises. Cryptonks.com does not provide any financial, legal, or accounting advice to its visitors. Neither the firm nor the author shall be liable for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in this post, whether directly or indirectly, whether in contract or tort (including negligence). Viewers should perform their own research before making any type of investment in a cryptocurrency.
