Chiliz (CHZ) is currently trading at $0.0381, reflecting a significant 13.69% decline over the past 24 hours. The price has fluctuated within a daily range of $0.0356 to $0.0444, indicating heightened volatility and investor uncertainty.

Volume for the past 24 hours stands at approximately 161.74 million, resulting in a volume-to-market cap ratio of 41.29%, suggesting active trading but also a potential lack of strong buying support. The 1-hour RSI at 15 signals extreme oversold conditions, while the 7-day RSI at 41 indicates a bearish sentiment prevailing over the short term.

Moving averages reveal a consistent downward trend, with the 8 SMA at $0.0395 and the 144 SMA significantly higher at $0.0448. This divergence implies that short-term traders are currently experiencing losses, and resistance levels are firmly established above the current price.

Over the last week, CHZ has lost nearly 20%, while the 14-day and 30-day price changes show declines of approximately 24.31% and 12.94%, respectively. The continued downward trajectory suggests a lack of bullish momentum, making it difficult for CHZ to recover in the near term.

Given the current technical indicators, including the extreme oversold conditions and the consistent downtrend in moving averages, it appears that further downside risk remains. Additionally, the significant price deviation from its all-time high of $0.8786 underscores the severity of the current bearish market sentiment.

In conclusion, the current analysis indicates a Sell rating for CHZ based on the prevailing negative price action, weak RSI indicators, and resistance levels that are well above the current price. A strategic exit may be advisable for investors until a clearer bullish signal emerges.