Chiliz (CHZ) is currently trading at $0.04536741, reflecting a slight decline of 0.59% over the past 24 hours. The daily price range has been tight, with a high of $0.0472113 and a low of $0.04416247, indicating limited volatility in the recent trading session.

The trading volume of 120,811,842 represents a significant 26.28% of the market cap, suggesting active participation in the market. However, the price has shown a downward trend over the last week, with a 7-day RSI at 41, indicating potential bearish momentum as it approaches oversold territory.

Moving averages indicate a bearish sentiment, with the 8 SMA at $0.0458 showing a decline of 0.89% and the 144 SMA considerably higher at $0.0506, down 10.36%. The consistent drop in price across various time frames, including a 14-day price change of -21.55%, reinforces the current downtrend.

Despite a minor uptick in the 30-day price change of 2.41%, the overall trend remains negative, suggesting that market participants are favoring selling positions. The All Time High of $0.878633 serves as a stark reminder of the asset's long-term potential, but current sentiment does not reflect such optimism.

Given the current price action, bearish moving averages, and weak RSI levels, a cautious approach is warranted. Therefore, the recommendation is to Hold CHZ, as there may be potential for short-term recovery, but the overall trend suggests further downside risk before any significant rebound.