CHZUSDT Market Overview: 2025-11-01

• CHZUSDT experienced a 24-hour range of $0.03045–$0.03123, closing at $0.03132
• Price surged 2.8% in the last 4 hours, forming a bullish engulfing pattern near $0.03123
• Volume increased by 35% during the 09:00–12:00 ET rally, confirming strength above $0.03109
• RSI hovered around 55–65, indicating moderate momentum, no overbought/oversold signals yet
• Bollinger Bands expanded as volatility rose, with price now resting at +0.7σ

At 12:00 ET on 2025-11-01, Chiliz/Tether (CHZUSDT) opened at $0.0311, hit a high of $0.03143, and closed at $0.03132, with a low of $0.03045. Total volume over the 24-hour window was 43,887,725 CHZ, and notional turnover was $1,378,344, indicating moderate to active trading interest.

Structure & Formations

Price has been consolidating between $0.03045 and $0.03123 over the past 24 hours, with a recent bullish reversal forming around $0.03109–$0.03123. A bullish engulfing candle at $0.03123 suggests short-term strength, especially with volume surging in that time frame. A doji-like pattern formed at $0.03085, indicating indecision. Key resistance appears to be $0.03135–$0.03143, with support at $0.03108–$0.03109 and a critical level at $0.03085.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA were closely aligned around $0.03095–$0.03103, suggesting a neutral-to-bullish trend. Price has recently crossed above both, confirming a short-term uptrend. On the daily chart, the 50DMA, 100DMA, and 200DMA were all within $0.03085–$0.03095, suggesting a broader consolidation phase with a slight bullish bias.

MACD & RSI

The MACD turned positive around $0.03109, indicating strengthening bullish momentum, with the histogram showing a recent expansion. RSI has been oscillating between 55 and 65, suggesting moderate bullish momentum without yet reaching overbought territory. A breakout above $0.03143 could push RSI into 70+, signaling overbought conditions.

Bollinger Bands

Bollinger Bands expanded as price volatility increased during the morning hours. The bands were positioned around $0.03085 (lower) to $0.03135 (upper), with price currently at +0.7σ, suggesting elevated bullish momentum. A retest of the $0.03135–$0.03143 range would likely trigger a tightening of bands or a breakout.

Volume & Turnover

Volume increased significantly during the 09:00–12:00 ET rally, confirming the bullish move above $0.03109. Notional turnover also rose, aligning with the price action and suggesting genuine buyer participation. A divergence between volume and price movement would be a cautionary signal, but for now, the data supports a continuation of the current uptrend.

Fibonacci Retracements

Applying Fibonacci retracement to the $0.03045–$0.03123 swing, key levels are at $0.03081 (38.2%), $0.03103 (50%), and $0.03115 (61.8%). Price has recently tested the 61.8% level and appears to have found support. A move above $0.03135 could target the 78.6% level near $0.03128–$0.03130.

Backtest Hypothesis

To assess potential entry and exit signals, a daily RSI (14-period) backtest could be applied using a standard overbought/oversold strategy. For example, a trade could be opened when RSI crosses above 70, with a close signal the next day. This strategy typically helps avoid extended overbought conditions and captures momentum-driven moves. However, the effectiveness would depend on the correct symbol format and exchange data, as RSI data for CHZUSDT could not be retrieved at this time. Confirming the symbol on exchanges like Binance, KuCoin, or Kraken would be necessary to proceed with the backtest from 2022-01-01 to today.