Summary
•
traded between $0.05482 and $0.05935, with bearish rejection seen near $0.05935.
• Strong volume expansion in the last 3 hours confirmed a short-term bullish reversal from oversold RSI levels.
• Bollinger Bands widened, reflecting rising volatility and potential for a breakout.
• A bullish engulfing pattern formed near $0.0550, suggesting a potential rebound.
Chiliz/Tether (CHZUSDT) opened at $0.05557 on 2026-01-14 12:00 ET, reached a high of $0.05935, a low of $0.05482, and closed at $0.05928 at 2026-01-15 12:00 ET. Total volume was 78.6 million CHZ, and notional turnover was approximately $4.37 million over 24 hours.
Structure & Formations
The price action revealed key support near $0.0550 and resistance forming at $0.0563. A bullish engulfing pattern developed near the $0.0550 level, suggesting a potential short-term reversal. A bearish rejection at the $0.05935 high may signal overhead pressure.
Moving Averages and Momentum
On the 5-minute chart, the 20-period MA crossed above the 50-period MA, indicating potential short-term bullish momentum. RSI moved from oversold territory to neutral, suggesting a possible correction may be in play. MACD showed a positive crossover in the last 90 minutes, reinforcing the recent bullish bias.
Volatility and Bollinger Bands
Bollinger Bands expanded significantly in the past 4 hours, indicating rising volatility. The closing price at $0.05928 is currently near the upper band, suggesting a potential for a short-term pullback or consolidation.
Volume and Turnover
Volume spiked sharply in the last 3 hours, coinciding with a price rebound from the 50-period MA. Turnover increased by nearly 50% during this period, aligning with the price action and confirming the strength of the move.
Fibonacci Retracements
Fibonacci levels applied to the recent 5-minute move from $0.0550 to $0.05935 show the current price at the 61.8% retracement level. A break above $0.05935 could target $0.0600, while a retest of $0.0563 could offer a key support for further consolidation.
The market appears to be consolidating after a sharp move higher, with bullish momentum and volume confirming the recent upswing. Over the next 24 hours, a breakout above $0.05935 could signal a continuation, but investors should remain cautious for a potential pullback if key Fibonacci or moving average levels fail to hold.
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