Chiliz (CHZ) price has climbed 16.7% in the last 24 hours and 25.6% over the past week, fueled by robust bullish momentum and a 66% surge in open interest to $33 million. Traders watch closely as the token nears the key $0.05 resistance level.
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CHZ price gains: 16.7% in 24 hours and 25.6% weekly per CoinMarketCap data.
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Open interest rose 66% in 24 hours, tripling from $12 million since December 19th according to Coinalyze.
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Buy signal appeared on the 3-day timeframe as noted by trader Johnny Woo on X, boosting trader optimism.
Chiliz CHZ price surges 25% weekly amid open interest boom. Analyze charts, resistance at $0.05, and trading strategies for potential breakout. Stay ahead in sports crypto trends.
What is driving the Chiliz CHZ price rally?
Chiliz CHZ price has experienced significant upward movement, rising 16.7% within 24 hours and 25.6% over the past week, according to CoinMarketCap data. This surge aligns with heightened speculative trading activity, as open interest increased by 66% in the same 24-hour period. Coinalyze reports indicate open interest has nearly tripled from $12 million to $33 million since December 19th, reflecting strong market participation and bullish sentiment in the sports-focused blockchain token.
Can CHZ overcome the $0.05 resistance level?
The 1-day chart reveals a clear bullish structure for CHZ, with shifts noted on December 9th and another on December 19th, converting the $0.034 local resistance into support. From a swing low around $0.028, the price has rallied an impressive 56% in just 13 days. On-balance volume (OBV) has trended higher over the past month, signaling sustained buying pressure. A bullish crossover in moving averages further supports the trend shift. Data from TradingView shows CHZ/USDT approaching $0.05, a multi-month resistance zone tested multiple times in 2025. Popular trader Johnny Woo highlighted a buy signal on the 3-day timeframe via a post on X, adding to the momentum. However, historical rejections at this level warrant caution, as Bitcoin’s stall below $90,000 introduces broader market uncertainty. Sustained volume and structure breaks could enable a breakout, but confirmation via a weekly close above $0.051 remains essential.
Source: CHZ/USDT on TradingView
Open interest (OI) measures the total number of outstanding derivative contracts, such as futures, that have not been settled. The recent 66% jump underscores growing trader leverage and conviction in CHZ’s upward trajectory. In the context of Chiliz’s ecosystem, which powers fan tokens and sports partnerships, this momentum could tie into broader events like the FIFA World Cup, potentially acting as a demand catalyst if adoption accelerates.
Frequently Asked Questions
What is the latest Chiliz CHZ price performance and open interest data?
Chiliz CHZ price has advanced 16.7% in 24 hours and 25.6% weekly, per CoinMarketCap. Coinalyze data confirms open interest surged 66% to $33 million, nearly tripling since December 19th, indicating robust speculative interest and potential for continued strength if volume holds.
Should traders buy Chiliz CHZ at current levels near $0.05?
Traders may consider waiting for confirmation like a weekly close above $0.051 before buying the breakout. Historical rejections at $0.05 suggest monitoring for bearish signals or consolidation. Rising volume and bullish indicators support bulls, but broader market fear from Bitcoin’s range favors caution over chasing.
Key Takeaways
- Strong price momentum: CHZ rallied 56% from $0.028 lows, with OBV and moving average crossovers confirming buying pressure.
- Open interest surge: Tripled to $33 million, reflecting heightened trader participation amid bullish structure breaks.
- Resistance watch: Eye $0.05-$0.051 for breakout; book profits on longs or wait for confirmation to avoid reversals.
Conclusion
The Chiliz CHZ price rally highlights renewed interest in the sports chain token, driven by technical breakouts, surging open interest per Coinalyze and CoinMarketCap data, and buy signals noted by experts like Johnny Woo. While the push toward $0.05 resistance shows promise, repeated 2025 rejections and Bitcoin’s hesitation call for disciplined trading. Monitor for a decisive weekly close above $0.051 to validate bullish continuation amid potential FIFA World Cup catalysts. Disclaimer: This information does not constitute financial, investment, trading, or other advice and reflects analysis based on available market data.
Source: https://en.coinotag.com/chiliz-rally-approaches-0-05-resistance-amid-surging-momentum
