CHZ Technical Analysis Jan 24

CHZ is trading sideways in a narrow range. A breakout at the critical resistance of 0.0524 could trigger the 24-48 hour upside scenario; a drop below support at 0.0518 creates risk.

Short-Term Market Outlook

CHZ is experiencing sideways consolidation at the 0.05$ level as of January 24, 2026. It closed the day with a slight 3.52% increase over the last 24 hours, but the intraday range is quite narrow: 0.05$ – 0.05$. Volume is at a medium level of 37.96 million $, not sufficient for sudden momentum. The short-term trend is defined as sideways; a total of 13 strong levels were detected across 1D, 3D, and 1W timeframes (1D: 3S/3R, 3D: 2S/2R, 1W: 1S/3R). Trading above EMA20 (0.05$) draws a short-term bullish picture, but Supertrend gives a bearish signal pointing to 0.06$ resistance. RSI at 48.93 is in the neutral zone, with no overbought/oversold conditions. The MACD histogram is positive, supporting mild bullish momentum. In the next 24-48 hours, if consolidation in this narrow band continues, increased volatility is expected; BTC’s sideways movement creates a cautious environment for altcoins. Short-term traders should closely monitor the 0.0518-0.0524 band.

Intraday Critical Levels

Nearby Support Zones

Immediate support at 0.0518$ (score: 76/100), coinciding with EMA20 and serving as the first hold point. In case of a breakdown, 0.0488$ (score: 65/100) could be tested quickly; this level is a 1D low-volume support. For a deeper correction, 0.0400$ (score: 63/100) is critical, but unlikely in the 24-48 hour frame. These supports offer quick invalidation points for scalping: a 15-20 minute close below 0.0518 confirms bearish momentum.

Nearby Resistance Zones

The nearest resistance is at 0.0524$ (score: 92/100), a high-probability breakout zone. Above it, 0.0536$ (score: 63/100) and 0.0643$ (score: 61/100) are next in line. Supertrend shows 0.06$ as the upper resistance. These levels are narrow and actionable for intraday: a 5-minute candle close above 0.0524 accelerates upward momentum.

Momentum and Speed Analysis

Short-term momentum is mixed: RSI at 48.93 is neutral, with low momentum speed. MACD shows a positive histogram with a mild bullish crossover signal, but no histogram expansion – sideways continuation is likely. Supertrend is bearish, emphasizing resistance pressure. Volume profile analysis reveals a high volume node around 0.05$; an upward breakout from here requires volume increase. EMAs are squeezed on the 4H timeframe, signaling imminent volatility breakout. Intraday traders can seek long bias with RSI above 50 and MACD acceleration, but short squeeze risk is high due to bearish Supertrend. Momentum in the next 24-48 hours will remain tied to BTC movement.

Short-Term Scenarios

Upside Scenario

A clear breakout above 0.0524$ resistance (15-minute close + volume increase) targets 0.0536$ first. Continuation targets 0.0608$ as short-term upside (score:23). Triggers: RSI above 55, MACD histogram expansion. Invalidation: Return below 0.0518. This scenario carries up to 20% intraday potential, but remains limited without BTC above 89.5k. For scalping, the 0.0524-0.0536 zone is ideal.

Downside Scenario

A breakdown of 0.0518$ support (15-minute close) leads to a quick test of 0.0488$. Deepening targets 0.0452$ downside (score:31). Triggers: RSI below 45, MACD negative divergence. Invalidation: Retake above 0.0524. Accelerates if BTC drops below 88.9k. Risk: High volatility, stop-loss mandatory.

Bitcoin Correlation

BTC is sideways at 89,367$ (-0.02%), with Supertrend bearish – caution for altcoins. CHZ is highly correlated with BTC; if BTC loses 88,920$ support, CHZ tests 0.0518. Conversely, if BTC breaks 89,562$ resistance, CHZ breakout chances increase (monitor BTC targets at 90,795$ and 92,165$). Alt rally possible with low BTC dominance, but bearish Supertrend caps CHZ momentum. Key BTC levels: Support 88,920$/87,635$, Resistance 89,562$. CHZ traders should prioritize BTC 15-minute candles.

Daily Summary and Monitoring Points

– Main monitoring: Breakouts at 0.0518 support / 0.0524 resistance.
– Momentum triggers: RSI crossing 50, MACD histogram change.
– BTC correlation: Below 88.9k CHZ short bias, above 89.5k long.
– Risk management: Position size 1-2% of capital, tight stop-loss (10-15 pips). Short-term trades are high risk; keep leverage low, avoid emotional trading.
– Additional resources: CHZ Spot Analysis | CHZ Futures Analysis.
Sideways continuation is the main scenario for the next 24-48 hours; manage breakouts with quick invalidation.