Chiliz (CHZ) is currently trading at $0.04956, reflecting a 4.94% decline over the past 24 hours. The price has oscillated between a high of $0.05422 and a low of $0.04955 during the same period, indicating heightened volatility with a daily range of 0.00467%.

Trading volume stands at 113,177,322, which constitutes 22.31% of its market capitalization, suggesting a healthy level of market participation. However, the overall trend appears bearish, as indicated by the consistent underperformance of moving averages: the 8, 13, and 21-period SMAs are all showing negative changes, with the 8 SMA at $0.0527 down by 5.86%.

The short-term technical indicators reflect bearish sentiment; the 1-hour RSI is at 40, which is approaching oversold territory but still indicates weakness. The 7-day RSI at 44 also suggests a lack of upward momentum, particularly in light of a significant 18.89% decline over the past week.

On a longer timeframe, the 14-day price change shows a slight increase of 1.01%, while the 30-day change indicates a robust gain of 35.90%. Despite the recent downward pressure, this longer-term uptrend may provide a base for potential recovery if support levels hold.

However, the substantial gap from the all-time high of $0.8786 reached in March 2021 signals a long road to recovery. Current technical signals, along with bearish short-term indicators, suggest that CHZ may face further downside risks in the immediate term.

Considering the current market dynamics and price trends, the rating for Chiliz (CHZ) is a Hold. This is due to the potential for short-term volatility, yet a recovery could emerge in the longer term based on prior upward momentum. Traders should monitor for signs of stabilization before considering a buy.