Market Overview for Chiliz/Tether (CHZUSDT) on 2025-10-11

• Chiliz/Tether (CHZUSDT) closed lower after a volatile 24-hour session, with a sharp sell-off mid-day.
• Momentum turned bearish as RSI and MACD both pointed to negative momentum and oversold conditions.
• Volume surged during the sell-off, confirming the bearish move, but price failed to close near daily lows.
• Price found short-term support near 0.0326 and bounced back modestly overnight.
• Volatility, as seen in Bollinger Band expansion, suggests increased trader uncertainty.

24-Hour Summary

At 12:00 ET–1 on 2025-10-10, Chiliz/Tether (CHZUSDT) opened at 0.04005 and reached a high of 0.04042 before plummeting to a low of 0.01000 mid-day. By 12:00 ET on 2025-10-11, the pair closed at 0.03299, with a total volume of 224,452,549.0 and a turnover of approximately $7,271,870.00.

Structure & Formations

The price formation on the 15-minute chart indicated a strong bearish reversal pattern during the critical 21:30–21:45 ET window, where a massive candle with a long upper wick and a sharp drop in price suggested panic selling. A bullish pin bar at 0.0326 on the overnight session indicated a potential short-term support level. A doji near 0.0328 in the early morning hours hinted at indecision and possible consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both below the current price, suggesting a bearish bias. On the daily chart, the 50-period MA is above the 100- and 200-period MAs, indicating a potential divergence between short- and medium-term trends. The price closed above the 50-period MA, suggesting some immediate support may be at play.

MACD & RSI

The MACD histogram turned negative sharply after the mid-day sell-off, with the line dropping below the signal line to confirm bearish momentum. RSI dipped to 24, indicating oversold conditions, but failed to show a strong rebound, suggesting caution is warranted. Momentum remains weak, and a break above 40 on RSI may be needed to confirm a short-term reversal.

Bollinger Bands

Volatility spiked during the sell-off, causing the Bollinger Bands to widen significantly. The price closed near the lower band at 0.0326–0.0330, indicating a possible bounce off support. A continuation of the bearish trend may push the price below this level, leading to further expansion of the bands.

Volume & Turnover

Volume spiked during the 21:30–23:30 ET window, coinciding with the sharp decline, confirming the bearish move. Turnover during this period was significantly higher than average, indicating heavy liquidation or stop-loss activity. However, price failed to close near the session low, suggesting some short-covering or buying interest at lower levels.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level of the last bullish move is near 0.0330–0.0332, which aligns with recent consolidation. On the daily chart, the 61.8% retracement level of the recent low-to-high move is at 0.0399, which may become a resistance level if the pair recovers.

Backtest Hypothesis

A backtest strategy could involve entering a short position upon a bearish engulfing pattern formation, confirmed by a MACD crossover and RSI crossing below 40. A stop-loss could be placed above the 20-period moving average, while a take-profit target could be set at the next Fibonacci retracement level. Given the high volatility and volume during the sell-off, this setup may have yielded strong returns. However, the recent bounce at 0.0326 suggests caution; confirmation below that level could reinforce the strategy’s validity.