Chiliz/Tether Market Overview for 2025-10-18

• CHZ/USDT consolidates around $0.0329 after a volatile 24-hour session with a range between $0.03242 and $0.0335.
• Momentum appears neutral; RSI near 50 suggests indecision, while MACD remains below the signal line.
• Bollinger Bands show moderate contraction, indicating reduced volatility; price remains within one standard deviation.
• Volume spiked during the rally to $0.0335, but failed follow-through suggests potential exhaustion.
• A potential bearish pattern forms from the 0.0335 high, with key support at $0.03275 and resistance at $0.03305.

24-Hour Summary

Chiliz/Tether (CHZUSDT) opened at $0.03242 on 2025-10-17 at 12:00 ET and reached a high of $0.0335 on 2025-10-18 at 07:15 AM ET before closing at $0.03289 at 12:00 PM ET. Total trading volume over the 24-hour period was approximately 14.8 million CHZ, while notional turnover (volume × price) stood at about $490,000. The pair displayed a range-bound profile, with mixed price action and signs of indecision.

Structure & Moving Averages

On the 15-minute chart, CHZUSDT traded within a tight range near the 20-period EMA of $0.0329 and the 50-period EMA of $0.0330, with the 50-period line slightly above the 20-period. Price action has remained below the 50-period line, signaling a slight bearish bias over the short term. On a daily chart, the 50, 100, and 200-day EMA lines are converging around $0.0330, with CHZUSDT hovering near these levels, suggesting a period of consolidation.

Momentum and Volatility

The RSI stands at approximately 50, indicating a neutral momentum state with no clear overbought or oversold conditions. The MACD is just crossing below the signal line, signaling a weakening in bullish momentum. Bollinger Bands have shown a recent contraction, suggesting reduced volatility, with the price currently within one standard deviation, indicating no immediate breakout potential. The price may remain range-bound for the near term unless a significant catalyst emerges.

Volume and Price Action

Volume was particularly elevated during the 07:15 AM ET candle when the price reached $0.0335, but the following period saw a sharp reversal and a decline, suggesting that the rally lacked conviction. The volume profile is mixed, with several high-volume candles not resulting in strong directional moves. This divergence between volume and price may signal an upcoming reversal or at least a pause in the current trend.

Fibonacci Retracements and Key Levels

Applying Fibonacci retracements to the recent 24-hour swing from $0.03242 to $0.0335, key levels at 38.2% ($0.03295) and 61.8% ($0.03314) appear to act as psychological barriers. The price is currently testing the 38.2% level, with a potential support zone forming between $0.03275 and $0.03285. A break below $0.03275 could see the price retest the 14.6% level at $0.0325. On the daily chart, the 61.8% retracement level of $0.0329 is showing some support and could be a key watchpoint over the next 48 hours.

Backtest Hypothesis

To develop a forward-looking MACD-based strategy for CHZUSDT, the first step is to obtain the correct symbol format for the data source. A golden cross between the MACD and signal line could be a strong buy signal, especially in the context of the current consolidation and mixed momentum indicators. Once the correct symbol is provided (e.g., BINANCE:CHZUSDT), I will retrieve the MACD series and conduct a backtest from 2022-01-01 to 2025-10-18, focusing on 3-day holding periods. This will help assess the viability of using MACD signals in this low-volatility environment and determine the strategy’s performance in different market conditions.