CandleFocus Chiliz Slumps by 7% to $0.07366 as Trading Volume Slows Down Sharply
2024-10-17
Author: Content Editor
CHZ, a cryptocurrency focused on sports fan engagement, has experienced a 7% drop in price to $0.07366. This decline is accompanied by a significant decrease in trading volume by 45.78% to $109.61 million, and the market cap also decreased to $671.87 million. These numbers reflect the challenges faced by the overall cryptocurrency market. There is resistance at the $0.08 mark, and if the price cannot break through, further declines may be expected. The large circulating supply of Chiliz limits the chances of quick price jumps. Overall, the outlook for Chiliz remains difficult, with low trading volume and resistance at $0.08 adding pressure for immediate gains.
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