Market Overview: Chiliz/Tether (CHZUSDT) on 2026-01-13

Summary
• CHZUSDT advanced from $0.0486 to $0.05409, forming a bullish continuation pattern.
• Volume surged to 7.7 million at $0.05445, confirming strength in the upper end of the range.
• RSI near overbought levels hints at potential pullback risk ahead.

Chiliz/Tether (CHZUSDT) opened at $0.0486, reached a high of $0.05445, and closed at $0.05409 on 24-hour volume of 158.9 million tokens and $8.32 million turnover. Price formed a strong bullish bias with extended buying pressure in the afternoon and evening hours.

Structure & Formations

The price action displayed a clear bullish trend, with key support at $0.0486 and resistance forming near $0.05445–$0.0547. A strong bullish engulfing pattern was visible after the 02:30 ET break at $0.05316, followed by a continuation above prior highs.

Moving Averages

On the 5-minute chart, price remained above both 20 and 50-period moving averages, reinforcing the short-term bullish bias. Daily averages (50/100/200) were not fully available for full analysis but suggested a longer-term continuation of the bullish momentum.

MACD & RSI

MACD turned positive and expanded, confirming rising momentum. RSI reached 70–72, suggesting overbought conditions and a potential consolidation phase ahead.

Bollinger Bands

Volatility expanded as price moved above the upper Bollinger Band during the 02:15–04:45 ET window. Price currently sits just below the upper band, with no significant contraction observed in recent hours.

Volume & Turnover

Volumes spiked during the 02:15–03:00 ET and 06:00–08:00 ET windows, with the largest 5-minute turnover at $0.05004. Turnover aligned with price highs, suggesting strong conviction in the upward move.

Fibonacci Retracements

The move from $0.0486 to $0.05409 aligns with a 61.8% retracement level as potential near-term resistance. A pullback to the 38.2% level around $0.0517 may offer a favorable entry for bulls.

Price may consolidate near current levels before testing the next key resistance. Investors should monitor volume for signs of weakening conviction or a breakout confirmation.