Chiliz (CHZ) is currently trading at $0.0389875, showing a 24-hour decline of 4.40%. The price has fluctuated between a 24-hour high of $0.04090686 and a low of $0.03857131, indicating a daily range of approximately 0.0023, suggesting limited volatility in the short term.

The trading volume stands at 38,675,087, which accounts for 9.64% of the market capitalization, indicating a moderate level of activity. The moving averages are bearish, with the 8 SMA at $0.0395 showing a decline of 1.19%, and the 144 SMA at $0.0411 down by 5.12%, confirming a downward trend in the price over various timeframes.

The RSI metrics indicate oversold conditions in the short term, with the 1-hour RSI at 28, which may signal a potential reversal. However, the 7-day RSI at 48 suggests that CHZ is nearing a neutral territory, while the 14-day and 30-day price changes show significant declines of 8.40% and 28.32%, respectively, indicating a longer-term bearish sentiment.

Despite the recent price drop, the cryptocurrency is trading significantly below its all-time high of $0.878633, which was reached on March 13, 2021. The persistent downtrend and lack of bullish momentum present a challenging outlook for short-term recovery, as evidenced by the declining moving averages and RSI readings.

Given the current technical indicators and market sentiment, the recommendation for Chiliz (CHZ) is to Hold. While short-term fluctuations may present opportunities, the overall trend remains bearish, and a clearer reversal signal is needed before considering a Buy.