{"id":895467,"date":"2026-03-30T07:11:58","date_gmt":"2026-03-30T12:11:58","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/03\/30\/chiliz-gains-over-10-in-24-hours-but-0-04-is-still-far-away-heres-why\/"},"modified":"2026-03-30T07:11:58","modified_gmt":"2026-03-30T12:11:58","slug":"chiliz-gains-over-10-in-24-hours-but-0-04-is-still-far-away-heres-why","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/03\/30\/chiliz-gains-over-10-in-24-hours-but-0-04-is-still-far-away-heres-why\/","title":{"rendered":"Chiliz gains over 10% in 24 hours, but $0.04 is still far away \u2013 Here\u2019s why"},"content":{"rendered":"
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Chiliz [CHZ] has rallied 10.6% in the past 24 hours and saw its daily trading volume soar by 160%. <\/span><\/p>\n

The high-volume price surge on the 29th of March, when volume and price moves are usually subdued, indicated a possibility of a strong uptrend for the upcoming week.<\/span><\/p>\n

\"Chiliz<\/a>
Source: CHZ\/USDT on TradingView<\/figcaption><\/figure>\n

On the 1-day chart, the structure that CHZ exhibited since the start of the year was quite encouraging. After a rally to the long-term supply zone at $0.055-$0.065, CHZ has retraced to the $0.035 level.<\/p>\n

This was the 78.6% Fibonacci retracement level based on the impulse move earlier this year. The retest of this crucial support did not yield an immediate, bullish response.<\/p>\n

The buyers have, over time, forced prices higher once again.<\/p>\n

The OBV was ticking higher over the past month, but there was a worry here. The trading volume has been below the 20-day average for the most part. Meanwhile, the RSI had not established itself above neutral 50 over the past six weeks, either.<\/p>\n

This has changed in the past 24 hours. The RSI reached 60, and the volume surge saw a healthy uptick on the OBV.<\/p>\n

If sustained, CHZ could become one of the outperforming assets as it recovers toward the $0.065 swing high. With extremely pessimistic sentiment around Bitcoin [BTC]<\/a> and fearful macroeconomic conditions, it remains to be seen if Chiliz<\/a> can do well.<\/p>\n

Traders\u2019 call to action \u2013 Do not FOMO into this rally<\/h2>\n
\"Chiliz<\/a>
Source: CHZ\/USDT on TradingView<\/figcaption><\/figure>\n

Despite the swift gains in the past 24 hours, CHZ bulls were unable to reclaim the $0.04 local high set earlier in March. The OBV has climbed past local highs, and the RSI has reached overbought territory, despite the rejection.<\/p>\n

A rising channel (purple) has formed, and its highs were in the $0.043-$0.045 area. Therefore, this channel high would oppose the altcoin\u2019s rally if CHZ can climb past $0.04.<\/p>\n

Swing traders already in long positions can look to take profits. Those who missed the move can wait for a retracement to $0.034-$0.036 before looking to go long.<\/p>\n

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Final Summary<\/h2>\n