Chiliz (CHZ) is currently trading at $0.03573772, reflecting a notable decline of 7.73% over the last 24 hours. The price has fluctuated between a high of $0.0388406 and a low of $0.0356536 during this period, indicating a tight daily range of 0.003187%.

The trading volume stands at 55,596,759, which contributes to a market cap volume ratio of 15.10%. This suggests moderate trading activity but also indicates potential selling pressure as the price declines.

Technical indicators reveal bearish momentum, with hourly moving averages showing significant declines: the 8 SMA is down 6.34%, the 13 SMA by 6.67%, and the 21 SMA by 6.43%. Furthermore, the 1-hour RSI is at a low of 23, indicating oversold conditions, while the 7-day RSI at 37 suggests that the asset is approaching oversold territory.

Chiliz has faced substantial downward pressure over the past week, with a price change of -11.23% and a similar decline over the past 14 days at -11.17%. The 30-day price change is even more concerning at -31.63%, showing a strong downtrend that has persisted over the last month.

Comparatively, CHZ's all-time high was $0.878633 in March 2021, highlighting the significant distance from its peak. The current price levels indicate a substantial loss in value, reflecting challenges in market sentiment and potential selling pressure.

Given the current technical indicators, bearish trends, and overextended declines, the recommendation is to Hold CHZ. While the asset shows signs of being oversold, further confirmation of a reversal is needed before considering a Buy, as the prevailing trend remains negative.