Chiliz (CHZ) is extending its bearish trend, showing continued selling pressure across crypto markets. As of Monday, February 22, 2026, the token dropped approximately 4.54% over the past 24 hours.
Weekly, CHZ has declined 18.32%, signaling persistent downward momentum and sustained market weakness over the last seven days.
According to the CoinMarketCap data, CHZ is trading at $0.01470, supported by moderate market activity. The 24-hour trading volume stands at $47.98 million, down 28.5% from the previous day. Market capitalization is currently $353.41 million, marking a 4.52% decline as bearish momentum persists.
Also Read: Chiliz (CHZ) Breakout Signals Potential Surge to $0.95 Amid Strong Market Optimism
Weekly Chart Signals Bearish Continuation
According to the TradingView weekly chart, the price trades near $0.034 after a strong bearish candle and remains below the 20 SMA ($0.0377) and 50 SMA ($0.0395).
The 100 SMA ($0.0613) and 200 SMA ($0.0911) trend downward, confirming macro weakness. Immediate resistance targets are $0.037–$0.040 and $0.053–$0.055 on rebounds.
Bollinger Bands show the basis at $0.0377, the upper band near $0.0537, and the lower band around $0.0218. Key support sits at $0.030–$0.032, with downside targets at $0.021–$0.022 if selling continues.
Upside breakout targets remain $0.061 and $0.090, where long-term trend reversal confirmation strengthens significantly.
Long-Term Channel Keeps Macro Trend Weak
The crypto analyst predicts CHZ on the 2W chart to remain inside a long-term bearish channel that started from the 2021 top at $0.85. The major resistance levels are at $0.85, $0.53, $0.30, $0.16, $0.085, and $0.05.
The major support levels are at $0.03, $0.02, and $0.01. The macro trend is bearish until the end of the pattern. The price is ranging around the values of $0.03-$0.04, supported by the lower boundary of the channel.
To move towards a bullish scenario, the following steps are required: resist $0.03, break above $0.05, retake $0.085, and then target $0.16 and $0.30. Only after a macro reversal, with prices above $0.30, would a possible route towards $0.53 and $0.85 be available.
If the $0.03 level gives way, the first target drops to $0.02, then $0.01 as the final vestige of historical support. The risk remains high as the price remains below $0.05 and the falling trendline.
The volume has been declining since 2021, with no major accumulation surge yet. There is a need for a structural confirmation before any major upside movement can be expected.
Why This Matters
As CHZ approaches the $0.03 level, trading volumes are likely to see a sharp increase, and market volatility could go through the roof, disrupting the sentiment in the crypto market.
If the bears continue to put pressure on the market, there could be more declines, and this is why risk management is so crucial.
Also Read: Chiliz (CHZ) Faces Uphill Battle as Resistance Holds Firm at $0.0380