![Assessing why Chiliz [CHZ] may witness short-term downside before retesting these levels](https://insights.cryptobasemarket.com/wp-content/uploads/2022/07/soccer-3471402-1280-171347.jpg)
The Chiliz [CHZ] network achieved robust growth and utility in the last two years courtesy of fan token launches. Unfortunately, this was not enough to shield its native token CHZ from the bear market.
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