Chiliz May Drop to $0.1000
Chiliz (CHZ) has declined by 9.2% this week to $0.1187, significantly underperforming the broader crypto market, where Bitcoin (BTC) remains steady at $100,048. Earlier in the week, CHZ plunged by 30.0% to a low of $0.0906 before recovering partially, supported by a broader market rebound. Despite this recovery, the outlook for CHZ remains bearish, as the token shows limited independent momentum and remains heavily reliant on overall market dynamics.
Breaking through the resistance at $0.1250 seems unlikely given the current conditions. With no substantial catalysts to drive further growth, CHZ is expected to face continued selling pressure, potentially sliding back toward $0.1000 in the near term.
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