TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"Since the beginning of the 2022 2FIFA World Cup, the value of Chiliz native token has plummeted. Due to the discovery of various issues, the sporting event has been met with some controversies. Not to mention that just a week before the World Cup\u2019s start, the collapse of the infamous FTX exchange shook the crypto world. But then, this is not the main point here. Despite some promising advances off-chain, Chiliz continues to struggle. The token is down more than 30% in the last two weeks. There is a lot of bearish evidence in the technicals and stats. If the price drops below $0.1451, short selling becomes an option. This added strain to the already overburdened Chiliz ecosystem, which has had trouble drawing in investors and sports fans despite the testnet release of its Chiliz 2.0 update. However, CoinGecko reported a 1.3% price increase just lately. Related Reading: Litecoin Continues To Surge As Hash Rate Records New ATH \u2013 How About LTC Price? When Will CHZ Get Its Zing Back? On a green candlestick, the current price of CHZ is $0.1677. An oversold Relative Strength Index (RSI) value may help to clarify the recent increase in the token’s price. However, the market is currently embroiled in a battle between bulls and bears, with prices remaining within the $0.3085-$0.1451 range that prevailed prior to the FTX brouhaha. The market remains slightly mired in the distribution phase, with support and resistance being momentarily breached and reclaimed. This has been true since the month of August. The situation may be deteriorating as CryptoQuant observes an increase in exchange reserves for the coin. According to Messari, the volatility of the asset has been 2.13, indicating that it has been quite shaky. Having settled at -1.23, the returns relative to this volatility likewise exhibit extremely bearish characteristics. Will There Be A Reversal? Nonetheless, the MACD indicator indicates that a reversal is imminent. This may suggest\u00a0a reversal due to the RSI being oversold. However, because exchange reserves are so high, any positive reversal would be met with a tremendous negative force. A certain bearish breach of the $0.1451 support could cause the current market structure of distribution to collapse. A breach of this support might send the price to the 78.60 Fibonacci level. A breakdown below this level could send the price to $0.0791. As the market recovers from the correction triggered by the FTX crash, CHZ should be able to ride this wave and emerge in a better shape. Related Reading: Bitcoin Price Soars 5% In Last 7 Days \u2013 More Increases Coming This Week? CHZ total market cap at $1.02 billion on the daily chart | Featured image: DailyCoin, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":511165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,16198,86385,6664,15633,2086,16907,15396],"class_list":["post-511161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-chiliz","tag-chz","tag-crypto","tag-fifa","tag-football","tag-soccer","tag-world-cup"],"acf":[],"yoast_head":"\n
Why Chiliz (CHZ) Is Losing Heat Despite 2022 World Cup Pomp<\/title>\n<meta name=\"description\" content=\"There is a lot of bearish evidence in the technicals and stats.\u00a0If the price drops below $0.1451, short selling becomes an option.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/chiliz-is-losing-heat-despite-world-cup-pomp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Chiliz (CHZ) Is Losing Heat Despite 2022 World Cup Pomp\" \/>\n<meta property=\"og:description\" content=\"There is a lot of bearish evidence in the technicals and stats.\u00a0If the price drops below $0.1451, short selling becomes an option.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/chiliz-is-losing-heat-despite-world-cup-pomp\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-05T13:31:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Chiliz.png?fit=1153%2C688\" \/>\n\t<meta property=\"og:image:width\" content=\"1153\" \/>\n\t<meta property=\"og:image:height\" content=\"688\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/chiliz-is-losing-heat-despite-world-cup-pomp\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/chiliz-is-losing-heat-despite-world-cup-pomp\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Why Chiliz Is Losing Heat Despite World Cup Pomp; 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30%","url":"http:\/\/uniquehot.com\/news\/chiliz-is-losing-heat-despite-world-cup-pomp\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/chiliz-is-losing-heat-despite-world-cup-pomp\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Chiliz.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Chiliz.png?fit=1153%2C688"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","chiliz","chz","crypto","fifa","football","soccer","world cup"],"dateCreated":"2022-12-05T13:31:36Z","datePublished":"2022-12-05T13:31:36Z","dateModified":"2022-12-05T13:31:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30%\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/chiliz-is-losing-heat-despite-world-cup-pomp\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/chiliz-is-losing-heat-despite-world-cup-pomp\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Chiliz.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Chiliz.png?fit=1153%2C688\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"chiliz\",\"chz\",\"crypto\",\"fifa\",\"football\",\"soccer\",\"world cup\"],\"dateCreated\":\"2022-12-05T13:31:36Z\",\"datePublished\":\"2022-12-05T13:31:36Z\",\"dateModified\":\"2022-12-05T13:31:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Chiliz.png?fit=1153%2C688","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/511161"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=511161"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/511161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/511165"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=511161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=511161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=511161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}