Chiliz (CHZ) is down 5.18% over the past 24 hours and nearly 10% on the week, currently changing hands for $0.03598 at the time of writing. The session range has stretched from $0.0352 to $0.03886, with the price now near the lower bound. The volume also reached $69.87 million, up 68.73% in 24 hours, as selling pressure accelerated.
Crypto analyst Christian Ott notes that CHZ is down roughly 10% against Bitcoin this week but argues the structure holds as long as the price stays above 50 sats. He identifies the 2019–2020 lows as a critical support zone and is watching for a retest and potential bounce from that area.
Another popular analyst, Butterfly, highlights a falling wedge formation on the weekly timeframe. Chiliz price has compressed within the structure following an extended decline. The latest move has carried CHZ toward the lower boundary of its broader range, near $0.0352, where buyers previously stepped in.
At present, the trend direction remains downward. Price sits closer to support than resistance, and momentum gauges align on the sell side. The wedge pattern suggests compression, yet broader indicators still reflect active distribution.
Chiliz price now trades near historical support with elevated volume, leaving the next reaction around long-term lows as the immediate focus.
Chiliz Has Fundamental Strength Amidst Price Pressure
Despite today’s falling prices, fundamentals suggest Chiliz will likely perform well in the long term. For instance, Chiliz Chain has gone live on Dexsport, allowing $CHZ to be used directly across more than 10,000 games without KYC or token swaps.
Instead of remaining idle, tokens can now circulate within a gaming environment designed for sports-focused users. That shift adds transactional utility at a time when price is under pressure.
At the same time, Chiliz has introduced a perpetual buyback framework tied to its 2030 SportFi Manifesto. 10% of all Fan Token revenue across the ecosystem will be allocated to ongoing $CHZ buybacks. The mechanism, scheduled to launch later this year, removes acquired tokens from circulation.
Furthermore, Fan Token revenues stem from transaction fees, governance activity, reward redemptions, and related interactions. Routing 10% of that flow toward buybacks creates a structural link between ecosystem usage and supply reduction.
Validators stake $CHZ to secure the EVM-compatible Chiliz Chain, while delegators earn block rewards funded by transaction tips and token inflation. The new model layers a deflationary component onto that structure.
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