Chiliz Is Likely to Slip to $0.0250
Chiliz (CHZ) is down 1.9% to $0.0351 this week, underperforming the broader crypto market, where Bitcoin (BTC) is edging up by 0.2% to $104,950. The token remains under pressure with little to no project-specific news to counter the downward momentum. CHZ still has room to fall, with critical support resting at $0.0250. A drop below this level would significantly weaken the recovery outlook, as it would push prices into structurally fragile territory. A broader market rally, particularly a breakout in Bitcoin above $110,000, could provide the support needed for CHZ to stabilize and avoid breaching its key support.
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