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#CryptoObservers
#Chiliz (CHZ) Performance View
Previously showing positive divergence, Chiliz (CHZ) succumbed to Bitcoin's downward trend. CHZ fell below the $0.084 resistance and returned to a parallel channel. If the downward trend continues, it could test the lower boundary of the channel at $0.058 and potentially drop to $0.05. Maintaining the support of the $0.071 middle channel is crucial to prevent further value loss.