Market Overview for Chiliz/Tether (CHZUSDT)

Summary
• CHZUSDT tested and broke above key resistance at 0.0334, forming a bullish breakout pattern.
• Momentum accelerated mid-day with RSI above 60, suggesting strong upward bias.
• Volatility expanded as Bollinger Bands widened, indicating increased trader activity.
• High volume confirmed the price break above 0.0334, reinforcing bullish sentiment.
• Turnover surged near close with price reaching a new 24-hour high of 0.0342.

At 12:00 ET–1 on 2025-12-12, Chiliz/Tether (CHZUSDT) opened at 0.03252, reached a high of 0.0342, touched a low of 0.03236, and closed at 0.03313 by 12:00 ET on 2025-12-13. Total volume over the 24-hour window was 34.4 million CHZ, with a notional turnover of $1.14 million.

Structure and Formations

Price action on the 5-minute chart showed a clear bullish breakout above the 0.0334 resistance level, supported by a series of higher highs and higher lows. A bullish engulfing pattern was confirmed at this level, with the 0.0334–0.0342 range acting as a new short-term support. The price then tested the 0.03313–0.03336 range, which had previously acted as resistance, now appearing to consolidate as a minor support cluster.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA crossed above the 50-period MA, confirming a shift in momentum. The 50/100/200 daily MA lines were not clearly aligned due to the short time frame, but the 20-period MA remained a key reference for intraday bias. The MACD histogram expanded positively after 18:00 ET–12, indicating strong bullish momentum. The RSI reached 60 mid-day and peaked near 70 in the late hours, suggesting strong upward pressure without yet reaching overbought territory.

Volatility and Bollinger Bands

Volatility increased throughout the day as Bollinger Bands widened, reflecting growing uncertainty and increased trading. Price closed near the upper band on several occasions, particularly in the last 4 hours, suggesting a continuation of the upward trend could be likely. The narrowest band contraction occurred at 16:00 ET–12, followed by a strong price move out of that range.

Volume and Turnover Confirmation

Volume surged near the breakout at 20:00 ET–12, with a single 5-minute candle recording 5.1 million CHZ traded.

Turnover also spiked during this period, confirming the legitimacy of the move. No significant divergence was observed between price and turnover, reinforcing the bullish signal.

Fibonacci Retracements

Key Fibonacci levels from the 0.03236 low to 0.0342 high were identified at 0.03318 (38.2%), 0.03357 (50%), and 0.03393 (61.8%). Price held above 0.03318 during consolidation phases, suggesting the 0.03357 level could be the next target if buyers remain active.

In the next 24 hours, CHZUSDT may continue to test the 0.03357–0.03393 Fibonacci range, with a potential for a pullback if volume declines. Traders should be cautious of possible profit-taking near 0.0342 and monitor the 0.03313 level as a key support.