Market Overview: Chiliz/Tether (CHZUSDT) 24-Hour Technical Summary

Summary
• Price tested key support levels and formed potential bullish reversal patterns.
• Momentum waned as RSI approached oversold levels, signaling possible short-term rebound.
• Volatility remained low with price clustering near the lower Bollinger Band.

Chiliz/Tether (CHZUSDT) opened at $0.03384 on 2025-12-09 12:00 ET, reached a high of $0.03400, a low of $0.03229, and closed at $0.03264 on 2025-12-10 12:00 ET. Total volume over 24 hours was 160,131,109 units, with a notional turnover of $5,361,300.

Structure & Formations

Price action formed a bearish breakdown during early morning hours but later showed potential bullish reversal signs, including a hammer at 0.03229 and a morning star pattern near the 0.03240 level. Key support appears at 0.03220–0.03240, while resistance is likely at 0.03280–0.03300.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs are both below current price levels, indicating a bearish bias in short-term momentum. The 50-period SMA is approaching 0.03270, suggesting a potential retest of that level in the near term.

MACD & RSI

The 12/26 MACD line crossed below the signal line, reinforcing bearish momentum. RSI has dipped into oversold territory around 25–30, indicating potential for a short-term bounce.

Bollinger Bands

Price remained near the lower band throughout most of the day, indicating low volatility. A potential rebound from the lower band is being watched, with a target zone of 0.03260–0.03280.

Volume & Turnover

Volume remained moderate, peaking in late morning and early afternoon hours. Notional turnover aligned with price action, with increased selling pressure observed near the $0.03230 support level.

Fibonacci Retracements

Fib levels from the key swing high at 0.03392 to the low at 0.03229 show potential near 0.03275 (61.8%), which aligns with a critical confluence area for possible support.

Looking ahead, a retest of the 0.03240–0.03260 range could provide a buying opportunity, but investors should remain cautious of further downward drift if volume fails to confirm a bullish reversal. Risk remains to the downside in the next 24 hours.