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CHZ price breaks descending wedge, indicating bullish shift.
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Rising open interest confirms momentum, not just short-covering.
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Price holds key Fibonacci levels, supporting trend continuation.
CHZ price analysis shows a decisive breakout from a long-term downtrend, signaling structural momentum shift. Technical indicators point to bullish continuation toward previous highs.
Breakout from Long-Term Downtrend
CHZ price has broken a descending wedge that confined it in a falling channel for several months. The structure showed lower highs and lower lows, signaling compression rather than strength.
ZAYK Charts highlights that the breakout above the descending trendline was followed by a strong bullish impulse. This is a clear sign of expansion after a period of volatility contraction.
$CHZ Running in +38% Profit,so far✅#CHZ #CHZUSDT https://t.co/TWjviG78Bu pic.twitter.com/mpm4hHxsTf
— ZAYK Charts (@ZAYKCharts) January 11, 2026
Earlier long lower wicks, described as capitulation spikes, likely removed weaker positions, marking a macro local bottom. This supports a transition from accumulation to a potential expansion phase in CHZ.
Technical Indicators Point to Bullish Momentum
The ZigZag indicator shows a shift from lower lows to higher lows, confirming a structural trend reversal. The recent upward leg suggests impulsive bullish momentum.
Short-term moving averages (9 & 20) slope upward above price, while the 200 MA remains below. This alignment indicates that pullbacks are corrective and not bearish reversals.
Let’s connect 🖇️🙌
— Piott ⚽️ | ☄️🌶️ (@Piottmen) January 10, 2026
Parabolic SAR dots below price confirm the trend. Dots accelerating upward act as a dynamic trailing stop. Price staying above SAR supports continued bullish conditions with minimal risk of immediate reversal.
Support Levels and Market Participation
CHZ trading above VWAP indicates buyers are willing to pay a premium over the session average. VWAP holding during pullbacks suggests sustained demand.
Fibonacci retracement levels at 0.382 and 0.5 have been reclaimed. Holding above these zones supports trend continuation toward 0.236 and prior highs, while the 0.618 level acts as a high-probability support.
Rising open interest alongside price signals new positions entering, not just short-covering. Accumulation/distribution lines show smart money absorption, indicating supply is being absorbed.
MACD confirms momentum with expanding histogram bars and a positive crossover.
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