Chiliz (CHZ) is currently priced at $0.04778043, experiencing a 24-hour decline of 5.75%. The daily trading range has been between $0.0462421 and $0.050695, indicating a relatively tight volatility range with a 24-hour volume of approximately 156.6 million, reflecting a robust trading activity that constitutes 31.97% of its market cap.

The moving averages present a mixed technical picture; the 8-period and 13-period SMAs are showing slight upward momentum, while the 21-period and longer SMAs are indicating a bearish trend, particularly the 55-period and 144-period SMAs, which are both down nearly 10%. The RSI readings confirm this divergence, with the 1-hour RSI at 57 suggesting potential short-term strength, while the 7-day RSI at 47 indicates a lack of momentum in the medium term, reflecting the recent price downturn.

Over the past week, CHZ has decreased by approximately 5.37%, while the 14-day price change shows a more significant decline of about 17.73%, suggesting a bearish sentiment among traders. Conversely, the 30-day change is positive at 6.00%, indicating some recovery potential which might attract buyers in the longer term.

Chiliz's all-time high of $0.878633 reached in March 2021 highlights the significant downside potential compared to the current price, indicating a bearish market sentiment overall. Given the current price action, weak RSI readings, and mixed moving average signals, the short-term outlook appears cautious.

Based on the analysis, the recommendation is to Hold. Although there is some potential for a short-term rebound given the 1-hour RSI, the overall bearish trend and the longer-term downtrends in moving averages suggest that investors may want to wait for a clearer upward momentum before making new purchases.