In a bearish turn of events, Chiliz (CHZ) has seen a significant decrease in value, with CHZ/USD, CHZ/BTC, and CHZ/ETH down -3.93%, -2.93%, and -6.90% respectively. The cryptocurrency is currently trading 8.72% below the predicted value of $0.124537 for May 2, 2024. Over the past month, Chiliz has dropped -20.88% and is down -10.88% since the same time last year.

Despite the current downturn, the Chiliz price prediction suggests a potential rise of 9.59% in the next 5 days. However, the overall market sentiment for Chiliz remains bearish, with 52% of indicators favoring a negative prediction. The Fear & Greed index, a measure of sentiment among cryptocurrency investors, currently reads 67 (Greed), indicating a potentially overvalued market.

Technical analysis reveals key support levels at $0.114732, $0.112720, and $0.109739, and resistance levels at $0.119726, $0.122707, and $0.124719. The Relative Strength Index (RSI 14) for Chiliz is currently neutral at 45.96. The 50-day Simple Moving Average (SMA 50) suggests a bullish signal, while the 200-day Simple Moving Average (SMA 200) indicates a bearish market.

The current forecast for Chiliz is bearish, and the cryptocurrency would need to increase by 9.59% to hit the target of $0.124537 within the next five days. However, the unpredictability and volatility of the cryptocurrency markets must be taken into account.