Chiliz (CHZ) Hits 3-Month Low on the Eve of FIFA World Cup Quarterfinals

Chiliz (CHZ) Hits 3-Month Low on the Eve of FIFA World Cup Quarterfinals

The crypto winter has taken its toll on the most popular soccer fan tokens, as Chiliz (CHZ), the sports altcoin that powers the soccer fan token platform Socios.com, continued to drown throughout the week. With a 5.5% weekly deficit, CHZ even dropped out of the TOP 50 cryptocurrencies by total market capitalization and failed to immediately bounce back from losing its crucial $0.16 resistance level for the first time in three months.
At press time, the sports fan cryptocurrency trades at $0.1535, according to CoinGecko. Ranked #54, the soccer token powerhouse lost a large chunk of its total market cap, shrinking from $1.43bn one day before kick-off on November 19th, 2022, to an eye-watering $813 million today. Further, the next crucial resistance line to be tested is $0.14 if the bearish trend persists.

Forecast #Chiliz $CHZ (Rank:54) price has fallen: -0.286% , Price: $0.1535, Volatility: 4.932% ($0.007584), Price Target (24h): $0.1499 | More: https://t.co/gnEWrJ3PN5 p

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