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Chiliz (CHZ) Price Drops Over 4% in 24 Hours, Trading Volume Increases by 39%: Will Web3 Moves for the Sports Industry Push More Adoption?

Chiliz (CHZ) has experienced a 4% drop in trading today, in line with the wider crypto market cap which has fallen by 0.57% in the last 24 hours. Despite this, CHZ's trading volume has increased by 39%, which could have an impact on its price in the near future. CHZ has been experiencing extreme price volatility, with a peak of $0.1577 on February 8, before dropping to $0.1075 today. The asset is currently in a downtrend momentum, with its Relative Strength Index (RSI) firmly in the oversold region below 30, indicating that bears are in control of its price movement.

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