Technical analysis by The_Alchemist_Trader_ about Symbol CHZ: Buy recommendation (9/2/2025)

Chiliz (CHZ) is trading within a weekly equilibrium between $0.33 and $0.48. Holding this support region could spark a bullish expansion toward the 0.618 Fibonacci and beyond. Chiliz has entered a consolidation phase, with price trading between key high timeframe support levels. The range between $0.33 and $0.48 has become a critical zone of equilibrium, where accumulation is taking place at the value area low. From a technical standpoint, this structure lays the groundwork for a potential bullish expansion if support continues to hold. Chiliz (CHZ) Key Technical Points - Support Between $0.33 and $0.48: Weekly equilibrium forming at the value area low. - Bullish Expansion Potential: Reclaiming the point of control opens path to 0.618 Fibonacci. - Next Resistance at $0.13: Weekly resistance level that could spark a breakout-driven rally. CHZ has been consolidating at a high timeframe support region that stretches between $0.33 and $0.48. This consolidation reflects accumulation, as buyers are absorbing sell-side pressure at the lower end of the range. Holding this zone on a closing basis, particularly on the weekly timeframe, is critical for maintaining bullish prospects. The significance of this accumulation becomes clearer when paired with the point of control (POC). If CHZ reclaims this zone, it signals a shift in balance toward buyers, opening the door to a full rotation higher. Market auction theory suggests that once the value area low is respected, price naturally gravitates toward the value area high, especially if volume influxes begin to support the move. From a Fibonacci perspective, the 0.618 retracement becomes the next major technical checkpoint. A bullish expansion into this level would align with the reclaim of structural levels, suggesting a continuation phase could unfold. Historically, CHZ has exhibited strong impulsive moves following prolonged accumulation phases, and the current structure bears similarity to prior setups. The $0.13 region, marked as the next weekly resistance, stands as the critical upside objective in the near term. A decisive breakout above this level would confirm that the accumulation has transitioned into expansion. Such a move could replicate the kind of rapid upside rallies CHZ has seen in past cycles. What to Expect in the Coming Price Action If Chiliz continues to respect the $0.33–$0.48 support range, traders can expect a bullish rotation toward the 0.618 Fibonacci retracement and potentially higher. A reclaim of the point of control will confirm momentum, while clearing $0.13 resistance could ignite a strong expansion rally similar to previous historical breakouts.