Chiliz (CHZ) is up 8.8% this week to $0.0612, outperforming the broader crypto market, where Bitcoin (BTC) is adding 3.0% to $98,033. While BTC is nearing its all-time high of $109,974, Chiliz is trading at levels last seen in February 2021. The token has erased all its gains from the Trump-driven rally and fallen below key uptrend support.
Although the overall uptrend is not yet broken, CHZ is approaching a critical point. If the support at $0.0500 fails, the token could drop by 50% to $0.0250—a level that may attract buyers but risks undermining investor confidence if such a deep correction occurs.