Chiliz (CHZ) is currently trading at $0.04490594, reflecting a 24-hour change of 2.11%, indicating mild upward momentum. The daily trading range is relatively tight, with a high of $0.04547957 and a low of $0.04201827, suggesting a consolidation phase following a recent decline.

Volume stands at 108,119,401, which represents 23.42% of its market capitalization, indicating a healthy level of trading activity. However, the 7-day price change of -20.55% and a 14-day change of -13.40% highlight a bearish trend that has persisted over the short term, suggesting traders are cautious.

Technical indicators show mixed signals; the 1-hour RSI is at 52, indicating neutral conditions, while the 7-day RSI at 45 is nearing oversold territory. The hourly moving averages reflect some short-term bullish signals, particularly the 13 SMA and 21 SMA, which are trending positively, but the 55 SMA and 144 SMA are indicating downward pressure, particularly in the medium to long term.

With the All Time High of $0.878633 from March 2021 still a significant distance away, CHZ’s current price suggests that it is well below its historical performance. The recent trend of lower highs and lower lows combined with the ongoing bearish sentiment makes it essential for traders to remain cautious.

Given the current price action, technical indicators, and the overall market sentiment, the recommendation for Chiliz (CHZ) is to Hold. This position allows investors to monitor for potential bullish reversals or further bearish developments without incurring unnecessary losses during a time of uncertainty.