$CHZ : Ready for a Comeback or Another Dive? 🔄🚨
Chiliz has been in a long downtrend since the explosive highs earlier this year, and the chart isn’t exactly painting a pretty picture right now. We’re hovering around $0.053, and while there’s been a slight uptick in recent days, the overall trend still looks weak. The price remains under the 99-day moving average, a clear sign that the bulls haven’t reclaimed control just yet.
Volume is also relatively flat, indicating a lack of strong buying pressure. This could be a slow grind with a potential breakout if we can cross the resistance around $0.06. But without significant volume or catalysts, the bears could pull it down to test lower support at $0.045. 😬
For those willing to take a chance, this could be a bottom formation, but it’s not without its risks. Keep an eye on that volume! 📈
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