Chiliz/Tether Market Overview (2025-09-21)

• Chiliz/Tether (CHZUSDT) traded in a tight range overnight before breaking higher into a bullish reversal pattern.
• Price found strong support at $0.04245 and tested resistance at $0.04268 multiple times, with mixed momentum.
• Volatility spiked during the early morning, with a sharp drop to $0.04215 before recovering to close near $0.04247.
• RSI showed signs of overbought territory in the late morning, while MACD remained neutral with no clear divergence.
• Notional turnover hit a 24-hour high at $31.3M during the 06:15–06:30 ET window, coinciding with a key breakout attempt.

The Chiliz/Tether (CHZUSDT) pair opened at $0.04257 on 2025-09-20 at 12:00 ET, reached a high of $0.04292, and hit a low of $0.04197 during the 24-hour period. It closed at $0.04247 as of 2025-09-21 at 12:00 ET. Total traded volume was 28.8 million CHZ, with a notional turnover of $12.6 million.

Over the past 24 hours, CHZUSDT exhibited a consolidation-to-breakout pattern, with a key support at $0.04245 and resistance at $0.04268. A bullish reversal pattern emerged in the late morning, supported by a strong volume spike. However, buyers failed to hold above $0.0427, and the price retraced toward the 20-period moving average. The 20-period and 50-period moving averages are currently converging, indicating potential for a short-term trend change. The 50-period MA at $0.04252 acts as a critical pivot level for near-term direction.

Volume spiked to a 24-hour high of 7.9 million CHZ during the 09:45–10:00 ET window, coinciding with a sharp drop to $0.04219. This was followed by a rapid rebound toward $0.04247, indicating strong short-term demand. The volume profile suggests a potential reversal at the $0.04245 level, where a large bullish engulfing candle emerged on 09:45–10:00 ET. However, buyers have not yet managed to break through the $0.04268–$0.0427 area, a level that has acted as a ceiling multiple times over the past 24 hours.

Bollinger Bands show a moderate expansion in volatility, with price currently sitting just above the 20-period moving average and within the upper band at $0.04268. The RSI reached 67.3 at 06:15 ET, suggesting overbought conditions. The MACD crossed above the signal line with positive divergence, but without confirmation from the histogram. A key Fibonacci retracement level at $0.04252 (38.2%) was tested multiple times and appears to offer moderate support. For the next 24 hours, a break above $0.0427 could signal a short-term bullish trend, but failure to hold above this level may result in a retest of $0.04245.

A short-term breakout strategy could be backtested using the 20-period and 50-period moving averages as entry triggers, combined with RSI overbought conditions as a sell signal. For example, a long entry could be initiated when the price crosses above the 50-period MA with RSI below 50, and a short entry when RSI exceeds 70 with volume confirmation. The stop-loss could be placed below the 20-period MA, with a target set at the nearest Fibonacci level (61.8% at $0.04265). This approach aligns with the observed price behavior and could be optimized for intraday momentum.