World Cup 2022: Chiliz Slides 15% As Sports Spectacle Unfurls – Can CHZ Make A Goal?

World Cup 2022: Chiliz Slides 15% As Sports Spectacle Unfurls – Can CHZ Make A Goal?


The World Cup just kicked off and the native token of the sports-themed cryptocurrency ecosystem, Chiliz, has dropped 15% in value over the past 24 hours.

This is not the kind of news traders and investors want to read about. The long-awaited World Cup clearly had no compensating effect on the prevailing economic conditions.

Here’s A Quick Rundown Of How CHZ Is Doing:

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Readily available data indicates a strong bear market hindered CHZ’s rally – Near 1:1 ratio of long vs short positions shows cautious support for the token – Price continues to fall; bulls should defend at $0.1664 and $0.1554

The token’s value has dropped significantly as of this writing. CoinGecko and CoinMarketCap report that CHZ has dropped another 9% since yesterday.

The

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