Chiliz Is Seen Weak Struggling to Surpass the Resistance at $0.0500
Chiliz (CHZ) declined by 10.3% to $0.0404 this week, significantly underperforming the broader crypto market, where Bitcoin (BTC) dropped by just 1.0% to $118,150. CHZ lacks any internal catalysts to fuel a rebound, and its failure to break above the $0.0500 resistance during the recent crypto upswing highlights its relative weakness. This resistance level remains a critical threshold; unless CHZ can decisively reclaim and hold above $0.0500, further upside appears unlikely. In the current context, the token remains technically vulnerable, and it may be prudent for traders and investors to stay on the sidelines until a clear bullish signal emerges.
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