Chiliz rallies 25% ahead of FIFA World Cup 2026 – $0.05 next for CHZ?

Chiliz [CHZ] has made sturdy positive factors lately.

CoinMarketCap knowledge confirmed that the sports activities chain’s native token was up 16.7% in 24 hours and 25.6% in per week. The sturdy bullish momentum noticed surging Open Curiosity.

Speculative merchants sought to revenue from the momentum, and the OI climbed 66% in simply the previous 24 hours. Coinalyze knowledge confirmed that the Open Curiosity has practically tripled from $12 million to $33 million because the nineteenth of December.

In a post on X, widespread dealer Johnny Woo confirmed that Chiliz exhibited a purchase sign on the 3-day timeframe. Will the FIFA World Cup be a catalyst strong enough to defy a multi-month resistance zone overhead?

CHZ bulls try and crack open $0.05 resistance

Supply: CHZ/USDT on TradingView

The 1-day timeframe confirmed a bullish construction for CHZ. The shift occurred on the ninth of December, and one other construction break occurred on the nineteenth of the month, which flipped the $0.34 native resistance to help.

Since testing the swing low at $0.28, Chiliz has rallied a exceptional 56% in 13 days. The OBV was climbing larger over the previous month as properly, reflecting elevated shopping for stress.

The bullish crossover on the transferring averages additionally indicated a pattern shift. It stays to be seen if the momentum and demand can maintain a bullish cost above $0.05.

Ought to merchants put together to purchase the breakout?

From a technical evaluation perspective, sure, it does appear they need to. The rising quantity and the construction breaks had been convincing, and the momentum was on the aspect of CHZ bulls.

The broader market context made this rally worrisome. Bitcoin [BTC] was caught beneath the $90k resistance, and worry permeated the crypto markets. CHZ bulls have been down this street a number of occasions in 2025.

Every time, the street ended with rejection on the $0.05 provide zone and a gradual reversal of the positive factors made.

Merchants’ name to action- Count on extra of the identical

Till a bullish breakout previous the $0.050-$0.051 space is seen, stay bearish. A weekly shut above $0.051 would do a lot to quell these bearish doubts, however it’s higher to be protected than to chase a rally that turns right into a reversal.

Merchants can search for bearish reversal indicators as Chiliz token costs method the $0.05 degree. It may be dangerous to go brief, as consolidation beneath the resistance is a chance.

Closing Ideas

• The Chiliz rally was approaching a key resistance zone that merchants already in lengthy positions can look to ebook earnings at.
• Bulls seeking to purchase CHZ might await a weekly shut above $0.051 for affirmation earlier than getting into.

Disclaimer: The data offered doesn’t represent monetary, funding, buying and selling, or different forms of recommendation and is solely the author’s opinion