Chiliz Price Outlook: CHZ Tests Critical Support with Bullish Momentum Signals

• Chiliz (CHZ) is stabilizing after a prolonged downtrend, forming higher lows that suggest easing selling pressure.
• Momentum indicators are improving, with RSI back in neutral territory and MACD showing a bullish crossover.
• A confirmed breakout could open upside targets, with initial resistance near 0.050 as the first key price objective.

Chiliz (CHZ) is showing resilience for a potential reversal, with the momentum indicators reinforcing the momentum, with RSI returning to neutral territory and MACD turning positive. But it still requires a decisive break above resistance to validate the trend reversal.

At the time of writing, CHZ is trading at $0.03279, supported by a 24-hour trading volume of $40 million and a market capitalization of $333.13 million. Its price has shown stability over the last 24 hours, but over the last week it has surged by 5.48%.

Source: CoinMarketCap

Also Read: Chiliz (CHZ) Rally Builds: Falling Wedge Signals Potential Surge to $0.300

Chiliz (CHZ) Technicals Suggests Improving Momentum

Technically, the CHZ shows a broader downtrend from mid-year highs, followed by a sharp sell-off in early October. After this move, the price stabilized and began forming higher lows through November and December, indicating a short-term recovery attempt. Despite this improvement, price remains below the 0.036–0.038 resistance zone, leaving the higher-timeframe structure neutral to bearish.

Source: TradingView

Momentum indicators are supportive of this stabilization phase and would indicate short-term improving conditions. The RSI is also back to the neutral area, and the MACD is moving higher with rising bullish bars on the histogram. While this is potentially good for more upside or a consolidation, price still needs to get back and stay above significant resistance to confirm a trend reversal.

Chiliz Approaches Crucial Support, Could Surge to $0.85

Moreover, the crypto analyst, Jonathan Carter, emphasized that currently, CHZ is testing a very significant support area on the weekly chart, which is positioned at the boundary of a long-term falling wedge pattern. A falling wedge is commonly observed, indicating a probable reversal in the trend if the purchasing momentum keeps on gathering strength.

Market data is indicating that there has been ramping-up buy-side activity around this critical support region, suggesting that a shift in sentiment may be just around the corner. Historically, falling wedges have tended to be followed by significant positive price actions. Investors are positioning for a possible recovery in the trading days to come.

Source: Jonathan Carter

If CHZ is able to successfully rebound from this support level, it is likely that it could break out to various major levels of resistance, such as $0.050, $0.085, $0.160, $0.300, $0.530, or even $0.850. All of these levels of resistance represent an important psychological hurdle for any positive momentum to occur. This is what investors will be monitoring for.

Also Read: Chiliz (CHZ) Faces Uphill Battle as Resistance Holds Firm at $0.0380