Chiliz [CHZ] has rallied by 31.2% in January. However, the rally wasnt a new year phenomenon like for most other altcoins. In fact, it traced back to the 25% 1-day gain made on Friday, 19 December.
This move broke the $0.035 local resistance zone, and CHZ bulls have not looked back since. At the time of writing, another, much longer-term supply zone had been flipped to support
sign that Chiliz buyers were only getting warmed up.
Chiliz back above the key $0.05 multi-month resistance
------------------------------------------------------
[CHZ 3-day Chart](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201634%20955'%3E%3C/svg%3E)
Source: CHZ/USDT on TradingView
Chiliz bulls have made notable progress in recent weeks. The 3-day timeframe showed that the $0.05 resistance zone, which CHZ had not managed to breach for most of 2025, was [finally in bullish control](https://ambcrypto.com/chiliz-rallies-25-ahead-of-fifa-world-cup-2026-0-05-next-for-chz/) at press time.
The gains came alongside strong buying pressure and a hike in demand. The D3 CMF climbed to +0.17 to reflect heavy capital inflows. The OBV also climbed past its highs of February 2025.
This could be a sign of [serious intent](https://ambcrypto.com/chiliz-reclaims-top-100-with-11-jump-can-chz-bulls-keep-rally-alive/) from the bulls. Hence, more gains might be highly likely. To the north, the next price targets would be $0.067 and $0.1.
Is there a strong bearish argument for CHZ?
-------------------------------------------
In short, no. From a technical perspective, the Chiliz token seems to have strong bullish credentials. At the time of writing, volumes were strong, key long-term resistances were broken, and the [Open Interest](https://coinalyze.net/chiliz/open-interest/)
had nearly tripled over the past three weeks.
A bearish [
Bitcoin \[BTC\]](https://ambcrypto.com/predictions/bitcoin-price-prediction/)
price move could affect the sentiment in the altcoin market and halt the Chiliz bulls
progress though.
Traders all to action Buy the breakout
------------------------------------------
[CHZ 4-hour Chart](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201835%20955'%3E%3C/svg%3E)
Source: CHZ/USDT on TradingView
The break past $0.05 might be a buying opportunity. However, some short-term patience might be necessary. The 4-hour chart revealed a bearish divergence between the price and the MFI indicator. This could see a brief pullback.
A pullback to the $0.0460-$0.0495 area would likely see a bullish reaction. This area was an imbalance on the H4 timeframe. This area also has a confluence with the 50-period moving average.
Given the importance of the $0.05 resistance over the past ten months, investors and swing traders can go long with a wider stop-loss around $0.0410-$0.0428. A move from here to $0.10 will still be likely.
* * *
Final Thoughts
--------------
* _The Chiliz breakout past $0.05 is a bullish development that is likely to bring more demand to the market._
* _The $0.10-level could be a feasible price target for the token in the coming weeks, despite bearish divergence on the 4-hour chart._
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer
s opinion.
Next: [link]
