CHZ Falls 10.3% in 24 Hours Amid Sharp Downtrend

On SEP 2 2025, CHZ dropped by 10.3% within 24 hours to reach $0.03803, CHZ dropped by 552.98% within 7 days, dropped by 292.87% within 1 month, and dropped by 5270.73% within 1 year.

The recent decline in CHZ has drawn significant attention due to its accelerated downward trajectory over both short- and medium-term periods. The token’s price has fallen sharply over the past week and month, reflecting a broader bearish momentum that has persisted for the past year. The 24-hour dip of 10.3% underscores the fragility of the current market structure, with selling pressure intensifying despite a lack of major on-chain or fundamental catalysts.

Technical indicators have shown a worsening trend in sentiment. The RSI has moved further into oversold territory, suggesting that while the price continues to fall, there has been no meaningful bounceback to indicate a potential reversal. Similarly, the MACD line has remained negative and diverging from price, reinforcing the bearish narrative. Traders and analysts are closely watching for a sign of stabilization, but the absence of bullish momentum continues to weigh on the market.

The extended decline has raised questions about the sustainability of the token’s value proposition and whether recent updates or developments have failed to resonate with the broader market. The lack of a clear rebound, despite past efforts to re-engage the community, points to a broader disconnect between expectations and outcomes.

Backtest Hypothesis

A backtesting strategy was proposed to evaluate the potential effectiveness of a market-based approach in capturing short-term reversals or mitigating downside risk during the recent downturn. The strategy is based on a combination of moving average crossovers and RSI thresholds to identify potential entry and exit points. Specifically, it triggers a long position when the 50-period and 200-period moving averages cross above one another and the RSI rises above 30, signaling a potential recovery. Conversely, it signals an exit when the RSI falls below 30 again or when the moving average crossover turns bearish.

The strategy was designed to be responsive to the recent volatility in CHZ, with the aim of capturing short-term rallies amid the larger downtrend. It also includes a stop-loss mechanism to limit losses during continued bearish pressure. Given the prolonged downward movement and lack of a clear bottom, the backtest aims to determine whether such a dynamic approach can provide value in a highly uncertain market.