Are you watching Chiliz and wondering where the token could go next? Then you’re in the right place. Let’s take a closer look at the recent CHZ price performance and break down what the charts are revealing. The Chiliz price has moved with quiet confidence over the last 24 hours, showing signs of strength despite broader market uncertainty. While the gains haven’t been explosive, they’ve been steady, helped by minor uptrends and a lack of strong bearish pressure. Traders are closely tracking whether this momentum can build into something more decisive. Let’s dive into the technical indicators and explore what might lie ahead for the CHZ price.
Chiliz (CHZ) Price Analysis for May 10, 2025
Chiliz traded at $0.04415 as the trading session commenced. The golden cross late on the previous day kept the bullish pressure strong, and Chiliz moved up to $0.04508 by 1:55 UTC. At 2:00 UTC, a death cross formed, warranting correction. The RSI was also overbought at this time. The price retraced to $0.04459. The price soon rose to $0.04510. However, the price was again rejected at that level. This rejection led the price down to $0.04415. However, at 5:05 UTC, a golden cross formed, and the price started climbing confidently to $0.04666.
CHZ/USDT, M-5 Chart, analyzed by raodevansh18, published on TradingView, May 10, 2025
The RSI reached massively overbought levels during this climb, and a strong correction ensued. The price fluctuated down to $0.04513 by 09:50 UTC. The price attempted to climb again with the 10:05 golden cross, pushing the price up to $0.04640. The $0.04630 level offered strict resistance and rejected the CHZ price’s further advances, falling to $0.04480 by 14:30 UTC. Heavy fluctuations occurred, but the Chiliz price action was confined to a narrow range below $0.04565. Finally, an upward CHZ breakout to $0.04605 followed at 17:00 UTC.
The bulls soon lost control of the Chiliz price, and a downward trend broke out with the 18:20 UTC death cross. The price retraced to $0.04535. An upward climb was attempted at 20:25 UTC, but met a strong ceiling close by at $0.04599. A trading range followed, as neither the buyers nor the sellers could push the CHZ price into a definitive trend. An upward CHZ breakout followed at 23:05 UTC, as the price climbed rapidly to inch above the resistance. A slight correction occurred, and the price was pushing up by midnight.
CHZ Breaks Above Resistance, Faces Resistance at $0.04770
At midnight, the Chiliz price was $0.04628. The strong bullish pressure led the price up to break out above the resistance at $0.04750. With the RSI indicating overbought levels, a sharp correction occurred, bringing the price back to $0.04587. Another consolidatory phase began, and the price was at $0.04598 by 5:00 UTC. A golden cross formed at this point, leading the price up to $0.04770 by 8:00 UTC. Since then, a correction has occurred, and the price has returned to $0.04686.
More Downsides Likely for CHZ, $0.04600 Will be A Key Support
As of now, the Chiliz price is making its way down after unsuccessfully testing the $0.04770 resistance multiple times. The bearish pressure is considerable, indicated by the widening death cross on the MACD indicator. The RSI has also fallen below the midline, suggesting heightened bearish pressure. This means that Chiliz may fall further. Given that, the temporary support at $0.04600 will be a key level to watch.
Chiliz (CHZ) Price Analysis for May 15, 2025
The Chiliz price has been showing highly consolidatory behavior, making sideways patterns on the chart. The bears have exerted considerable force on the CHZ price action, with the token mustering downward breakouts after long phases of consolidation. The Chiliz token commenced trading yesterday at a price of $0.04967. Early bullish pressure ensued with the midnight golden cross. But, this rise met a strong ceiling at $0.05090. It would also go on to be the 24-H high for the Chiliz token.
A death cross formed at 1:30 UTC, and the CHZ price slowly retreated to $0.04956. A slight reversal did occur, but a slow downtrend returned the price to $0.04950 by 4:30 UTC. At this point, a golden cross emerged on the MACD indicator, but could only validate a price rise to $0.05050. Bearish pressure resumed with the 6:20 death cross. This bearish crossover widened at 6:50, resulting in a strong decline in the CHZ price. By 9:00 UTC, the Chiliz token fell to $0.04805. The RSI plunged into the oversold region, prompting the bulls to take over.
CHZ/USDT, M-5 chart, analyzed by raodevansh18, published on TradingView, May 15, 2025
Chiliz Uptrends Remain Confined, Strong Bearish Pressure Dictates Movements
A wide golden cross formed on the MACD, and an upward trend was initiated. However, this uptrend could only push the price to $0.04946 before facing a bearish reversal. The bearish reversal started just before noon, and pulled the price all the way down to $0.04795 by 14:25 UTC. At this point, a sideways trading range formed, as neither the bulls nor the bears could push a directional movement. This range lasted till 17:10. A downward Chiliz breakout was observed, as the price fell to $0.04720.
A golden cross did form at 17:30 UTC, but the price rise again flatlined at $0.0820. This led to another trading range forming, a narrower one compared to the one before. This range lasted till 21:00 UTC. Again, a downward Chiliz breakout was seen, followed by another phase of consolidation. By midnight, the CHZ price stood at $0.04780.
Bears Push Chiliz Token Down, Key Supports Broken
A slightly bullish trend marked the opening of the trading session on May 15, as Chiliz went up to $0.04830. Some consolidation occurred at this point, but the Chiliz price soon succumbed to the bearish pressure. A death-cross validated downtrend occurred, leading the CHZ price to $0.04680. The RSI was heavily oversold again, but Chiliz failed to manage a strong rebound. At 3:00 UTC, the price faced another bearish turn, starting on a downtrend from $0.04744.
The price fell steadily, breaking the temporary support at $0.0.4680. The downtrend led the price down to $0.04530 by 7:50 UTC. A slight reversal was seen at this point, owing to the oversold conditions. The CHZ price rose to $0.04610. However, the bears regained control, leading the price to retest the new support at $0.04515. As of the latest update, the support has survived the test, and the price stands at $0.04553.
Support to be Retested, Further Downturns Likely for Chiliz Token
As of now, CHZ is rising from the support retest. However, the golden cross on the MACD seems to be heading towards convergence already, signalling high bearish pressure. This is further validated by the meager uptrends that have emerged despite oversold conditions on the MACD. Given that, it is highly likely that the support will face stronger retests in the coming hours.
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