Market Overview for Chiliz/Tether (CHZUSDT) on 2025-11-13

Summary
• CHZUSDT traded between $0.03191 and $0.03350 with a close at $0.03232, down 1.13% from 12:00 ET-1.
• Momentum shifted after 04:00 ET as RSI surged past 60, signaling potential overbought conditions.
• Volume spiked to 3.2M at 08:45 ET, coinciding with a 0.3% rally to $0.0334.
• Volatility expanded as Bollinger Bands widened, with price oscillating between 0.033 and 0.0335.
• A potential bearish engulfing pattern emerged at 17:00 ET, hinting at short-term resistance.

Market Overview

Chiliz/Tether (CHZUSDT) opened at $0.03219 on 2025-11-12 at 12:00 ET and closed at $0.03232 at 12:00 ET on 2025-11-13. The 24-hour range was $0.03191 to $0.03350. Total volume reached 19.8 million tokens, with a notional turnover of $6.62 million.

Price action revealed a strong bullish bias during the overnight Asian and European sessions, with a sharp rally from $0.0325 to $0.0334 between 04:00 and 06:00 ET. This was followed by a pullback during the U.S. session, indicating a possible consolidation phase. The 50-period moving average on the 15-minute chart crossed above the 20-period line, signaling short-term bullish momentum. However, the 200-period MA on the daily chart remains a key resistance around $0.0327–$0.0328, suggesting medium-term bearish pressure.

Key Support and Resistance Levels

Price found support at $0.0325 and $0.0327 during the day, with resistance forming at $0.0329 and $0.0332. A bearish engulfing candle at $0.03285–$0.03286 at 17:00 ET hinted at potential exhaustion in the upside, suggesting a possible pullback to test the $0.0325 support zone.

MACD and RSI Dynamics

The RSI surged to 62 during the rally, indicating growing bullish momentum but not yet overbought territory. MACD crossed into positive territory at 05:00 ET, confirming the upward thrust. However, RSI divergence appeared after 12:00 ET, with price continuing higher while RSI plateaued, suggesting a potential overextension.

Bollinger Bands and Volatility

Volatility expanded as price traded near the upper Bollinger Band for much of the session, with the 20-period band widening from ±0.00015 to ±0.00035. A contraction was observed between 10:00 and 11:00 ET, suggesting a possible reversal point.

Volume and Turnover Patterns

Volume surged to 3.2M at 08:45 ET and again to 2.3M at 15:15 ET, coinciding with key price peaks. However, turnover did not confirm the price highs, indicating weaker conviction in the rally. A divergence between price and volume is evident after 14:00 ET, signaling possible bearish follow-through.

Fibonacci Retracements

Key retracements from the $0.03191 to $0.0334 move include 61.8% at $0.0327 and 38.2% at $0.0324. Price paused at the 50% level at $0.03265, suggesting a possible retest of the 38.2% level as a near-term support.

Backtest Hypothesis

The recent price behavior and RSI dynamics suggest a potential sell strategy at overbought levels. A viable backtest could involve entering short positions when RSI exceeds 70 (standard overbought threshold) and exiting at the next 20-day low. This method, if applied to CHZUSDT, could be evaluated over the past three years to assess its robustness and profitability. Additional safeguards like a stop-loss at 5% below entry or a take-profit at 2:1 risk-reward ratio could enhance risk management.