Market Overview for Chiliz/Tether (CHZUSDT) – 2026-01-06

Summary
• CHZUSDT tested key support near 0.0443–0.0445, stabilizing with a bearish consolidation pattern.
• Volume spiked during the breakdown below 0.0456, confirming bearish momentum.
• RSI signaled oversold conditions near 0.0443–0.0445, suggesting potential for a near-term rebound.
• Price remained below the 50-period moving average on the 5-minute chart.
• Volatility expanded as Bollinger Bands stretched following the sharp decline.

At 12:00 ET–1 on 2026-01-06, Chiliz/Tether (CHZUSDT) opened at 0.04522, reached a high of 0.0463, and closed at 0.04404 after falling to a low of 0.0426. Total 24-hour volume was 50,603,459.0, with a turnover of approximately 2,191,129.8 USDT.

Structure and Price Action

The 24-hour price action showed a strong bearish bias as CHZUSDT broke below key support levels around 0.0456 and 0.0452, confirming a breakdown from a consolidation range. A bearish engulfing pattern was observed near the 0.0456 level, and a potential bullish reversal may be forming near the 0.0443–0.0445 range, where RSI suggested oversold conditions.

Momentum and Indicators

The RSI reached oversold territory near 0.0443, which could imply a short-term rebound is possible. The MACD showed a bearish divergence, reinforcing the downward trend. Bollinger Bands expanded as volatility increased during the sell-off, with the price settling near the lower band as the trend continued.

Volume and Turnover

Volume spiked during the breakdown below 0.0456, aligning with the bearish move. However, volume dipped during the consolidation phase near 0.0443–0.0445, indicating reduced conviction. Turnover followed a similar pattern, with a concentration of selling pressure in the late ET afternoon.

Fibonacci Retracements and Moving Averages

On the 5-minute chart, the price is currently at the 61.8% Fibonacci retracement level from the 0.0426 low to the 0.0463 high. On the daily chart, the 50-period moving average sits above the 100-period line, maintaining a bearish bias. The 20-period MA on the 5-minute chart remains below the 50-period line, reinforcing the downtrend.

The market may find short-term support near 0.0443–0.0445, and a breakout above 0.0456 could indicate renewed bearish momentum. Investors should remain cautious, as a sudden rebound could test this level again in the next 24 hours.