Chiliz (CHZ) is currently trading at $0.04139, reflecting a 3.83% decrease over the past 24 hours. The daily trading range has been tight, with a high of $0.04337 and a low of $0.04136, indicating limited volatility during this period.

The volume of 45,954,474 suggests a moderate level of trading activity, with a volume-to-market cap ratio of 10.82%, which points to a reasonable level of liquidity. The price has been on a downward trend recently, evidenced by a 7-day price change of -9.87% and a more significant 14-day decline of -19.04%.

Technical indicators show that the short-term moving averages are all positioned below the current price, with the 8 SMA at $0.0421 and the 13 SMA at $0.0422, both signaling bearish momentum. The 1-hour RSI at 36 suggests that CHZ is approaching oversold territory, while the 7-day RSI at 46 indicates a lack of strong buying pressure in the medium term.

The historical data reveals a stark contrast to its all-time high of $0.8786 achieved in March 2021, emphasizing the significant decline in price since then. This long-term downtrend may be concerning, but recent lower price levels may present a potential entry point for risk-tolerant investors.

In conclusion, given the current price action, moving averages, and RSI readings, CHZ appears to be in a corrective phase with no immediate bullish signals. Therefore, the recommendation is to Hold, as the current price levels might stabilize or present a buying opportunity if further positive momentum can be established.