Market Overview for Chiliz/Tether (CHZUSDT) – 24-Hour Summary

• CHZ/USDT traded higher over the last 24 hours, closing near a fresh 24-hour high near $0.0359.
• Momentum remains constructive with a positive MACD crossover and RSI above 50.
• Volatility increased in the afternoon, with volume spiking in late hours.
• Bollinger Bands show moderate expansion, with price testing the upper band.
• Fibonacci levels suggest possible near-term resistance at 0.0359 and 0.0362.

Chiliz/Tether (CHZUSDT) opened at $0.0341 on October 12 at 12:00 ET and rose to a high of $0.03645 by the close of October 13 at 12:00 ET. The pair traded between $0.03403 and $0.03645, closing at $0.03587. Total volume reached 34,928,692.0 CHZ, with notional turnover of approximately $1,099,360.

The 15-minute chart reveals a strong upward bias, marked by a series of higher highs and higher lows. Key support was confirmed at $0.03486, where price found buying interest multiple times, while resistance at $0.0355–$0.0361 was tested and broken in the early hours of October 13. Notable patterns include a bullish engulfing formation around $0.03535 and a strong breakout above the prior resistance cluster.

Moving averages on the 15-minute timeframe show the 20-period MA above the 50-period MA, reinforcing the short-term bullish trend. The daily chart, while not fully provided, would show the 50-day MA above the 200-day MA, indicating a longer-term positive setup. The convergence of these averages suggests continued upward momentum in the near term.

MACD crossed to positive territory with a clear golden cross, signaling a potential continuation of the uptrend. The RSI has risen to 58.4, suggesting moderate strength but not overbought territory. Bollinger Bands show a moderate expansion, with price currently near the upper band, indicating elevated volatility. Price remains within the band, and a break above it could confirm a stronger bullish phase.

Volume distribution shows a significant increase during the late trading hours of October 13, particularly after 6:00 ET. The notional turnover also rose sharply, aligning with the price action. No material divergence between volume and price was observed, which supports the integrity of the bullish signal.

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.03486 to $0.03645, key resistance levels lie at 38.2% ($0.03565), 61.8% ($0.03607), and 100% ($0.03645). The 61.8% level appears to be a critical near-term target. On the daily chart, if a broader move is confirmed, the 50-day MA could serve as a dynamic support/resistance pivot.

Backtest Hypothesis

A potential backtesting strategy for Chiliz/Tether (CHZUSDT) could involve a MACD-Golden-Cross system with a close-on-Death-Cross exit rule. Given the recent positive divergence in the 15-minute MACD and the rising RSI, this setup could be tested on a broader time horizon. Using CHZUSDT as the ticker, and assuming no stop-loss or take-profit, the system would look to capture short-term bullish momentum. A backtest from 2022-01-01 to 2025-10-13 would reveal how effectively the strategy capitalizes on the recurring bullish patterns observed in recent sessions.