Market Overview for Chiliz/Tether (CHZUSDT) on 2025-09-18

• CHZUSDT advanced 0.89% on elevated volume, breaking above 0.0425.
• Bullish momentum seen on RSI and MACD divergence with strong close near 15-min high.
• Volatility increased with Bollinger Band expansion and price above mid-band.
• Key resistance now at 0.04326 and support at 0.04284 after consolidation.
• Fibonacci retracement levels suggest potential for further 38.2% upward move.

Open, High, Low, and Close with Volume and Turnover

On September 17 at 12:00 ET, CHZUSDT opened at 0.04118, reached a high of 0.0439, and hit a low of 0.04107 before closing at 0.04337 on September 18 at 12:00 ET. The 24-hour volume was approximately 58,474,455.0 CHZ, and the total turnover was roughly $2,534,153.80 (based on average price). The pair showed a positive directional bias amid rising volatility and strong participation in the afternoon and early evening hours.

Structure & Formations

The 15-minute chart revealed a bullish continuation pattern, with price forming a series of higher highs and higher lows, especially after 19:30 ET. Notable formations included a bullish engulfing pattern at 19:30 ET (0.04165–0.04204) and a strong pinbar on the 20:15 ET candle (0.04223–0.04249), confirming bullish momentum. Key support levels identified are at 0.04284 (recent consolidation zone) and 0.04262 (previous bounce), while resistance is at 0.04326 (daily high) and 0.0435 (Fibonacci 61.8% of the latest swing high).

Moving Averages and MACD

On the 15-minute chart, the 20-period and 50-period moving averages are in a bullish crossover, suggesting continuation of the uptrend. The 50-period MA is above the 20-period MA and both are rising. The MACD histogram remains positive and widening, reinforcing bullish momentum. On the daily chart, the 50-period MA is approaching the 100-period MA, which could indicate a potential short-term pullback if the 50 MA crosses below the 100 MA.

RSI and Bollinger Bands

The RSI is in overbought territory (above 65), but has not shown signs of reversing, indicating strong bullish conviction. The Bollinger Bands have expanded significantly after a period of consolidation, with the price sitting near the upper band for much of the day. This suggests high volatility and a continuation pattern is more likely than a reversal.

Volume and Turnover

Volume spiked in the late afternoon and early evening, with the 19:30 ET to 20:30 ET period seeing the most intense participation. The highest single-candle turnover was recorded at 14:15 ET with $315,249 in turnover, aligning with a high of 0.0439. Notional turnover and volume are positively aligned, supporting the bullish case. No significant divergence between price and turnover was observed.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from 0.04107 to 0.0439, key levels include 0.0427 (23.6%), 0.04326 (38.2%), and 0.04372 (50%). The current price is near the 38.2% level, suggesting that a move toward the 50% level may be in the cards if momentum continues. On the daily chart, 0.0435 and 0.0439 represent key Fibonacci resistance levels for further upside.

Backtest Hypothesis

A potential backtesting strategy could focus on entering long positions when the 20-period MA crosses above the 50-period MA, confirmed by a bullish candlestick formation and a MACD histogram widening. A stop-loss could be placed below the last significant support level, while a take-profit target could align with the 38.2% and 50% Fibonacci retracement levels. This strategy would be tested across multiple timeframes and market conditions to assess its robustness, with a focus on low-latency execution to capture breakout momentum.