Market Overview: Chiliz/Tether (CHZUSDT) on 2025-11-09

Summary

• • •• Price traded between 0.03328 and 0.03436, with a 0.03421 close from a 0.03360 open.• RSI indicates moderate momentum with no overbought/oversold extremes in 24-hour data.• Bollinger Bands show moderate volatility, with price near the middle band at 0.03421.• Volume spiked in early hours, then stabilized, reflecting mixed investor sentiment.• A key support area is forming around 0.03328, and resistance near 0.03420.

Structure & Formations

The 24-hour period for Chiliz/Tether (CHZUSDT) featured a notable bullish consolidation pattern in the latter half of the session, with price closing near the upper shadow of a key candle on 2025-11-09. Earlier, a bearish rejection near 0.03420 highlighted a critical resistance level. A key support level appears to be forming around 0.03328, marked by a series of lower lows and higher lows. A potential bullish engulfing pattern formed in the early hours of 2025-11-09, indicating a short-term reversal from bearish to bullish momentum. However, a doji near 0.03436 suggests indecision and potential volatility ahead.

Moving Averages

On the 15-minute chart, the 20-period moving average is currently at 0.03405 and the 50-period is at 0.03412, indicating a bullish bias as price is above both. On the daily chart, the 50-period moving average sits at 0.03398, and the 200-period is at 0.03375. Price is trading above the 50-day SMA, but below the 200-day, suggesting a short-term bullish tilt within a longer-term consolidation phase.

MACD & RSI

The MACD histogram on the 15-minute chart shows a recent expansion from -0.00003 to +0.00012, reflecting a shift in momentum. The RSI is currently at 54, indicating moderate bullish momentum with no immediate overbought or oversold conditions. The slow MACD crossover (12,26,9) occurred on 2025-11-09, signaling a potential bullish continuation in the short term.

Bollinger Bands

Bollinger Bands on the 15-minute chart show a moderate volatility contraction in the early part of the session, followed by a breakout toward the upper band. Price closed near the middle band (0.03421), suggesting a potential continuation of the recent consolidation. Volatility appears to be stabilizing, with the bands widening slightly in the last 4 hours.

Volume & Turnover

Volume and turnover spiked significantly between 19:00 and 21:00 ET, coinciding with a bullish breakout near 0.03436. The total notional turnover for the 24-hour period was $27,900,000, with a volume of 79,856,592 CHZ traded. Despite the price action, there is a slight divergence between volume and price: while volume increased, price failed to hold above 0.03436 in the last 4 hours. This suggests potential distribution or profit-taking.

Fibonacci Retracements

Key Fibonacci retracement levels for the most recent 15-minute swing (0.03328 to 0.03436) are at 38.2% (0.03389) and 61.8% (0.03413). Price has stalled near the 61.8% level in recent hours, suggesting a possible pause or retesting of the 38.2% level. On the daily chart, Fibonacci levels based on the swing from 0.03375 to 0.03436 are at 38.2% (0.03413) and 61.8% (0.03424), where price is currently consolidating.

Backtest Hypothesis

A backtesting hypothesis could be built on the recent 15-minute bullish engulfing pattern confirmed on 2025-11-09, combined with RSI above 50 and price above the 50-period moving average. The entry rule could be a confirmed bullish engulfing candle closing above the 50-period MA. An exit strategy might involve a fixed holding period of 12 hours or a trailing stop-loss of 0.5% from the entry. If executed consistently from 2022-01-01 to 2025-11-09, this strategy could be tested for its profitability and risk-adjusted returns.