Chiliz Surges 25% Ahead of FIFA World Cup 2026 – Is $0.05 the Next Target for CHZ?

Chiliz (CHZ) has experienced significant price increases leading up to the FIFA World Cup 2026, with a notable gain of over 25% in just one week. This article explores the bullish momentum, resistance points, and trading strategies for CHZ investors.

Key Takeaways

Chiliz (CHZ) has surged 25.6% over the past week due to increasing bullish momentum.
Open Interest (OI) in CHZ has risen dramatically, indicating strong speculative trading.
The price momentum is testing the critical $0.05 resistance level.
Traders should watch for signals of either a breakout above resistance or potential price reversals in the coming days.

Chiliz Rallies 25% in a Week Ahead of FIFA World Cup 2026

Recent Performance of Chiliz (CHZ)

Chiliz [CHZ] has shown impressive growth recently. According to CoinMarketCap, the native token of this sports blockchain was up 16.7% in just 24 hours and 25.6% over the past week. This surge in price has also brought about a significant increase in Open Interest (OI), rising 66% in the last day as traders aimed to capitalize on the bullish trend. Notably, OI has almost tripled from $12 million to $33 million since December 19, as shown in Coinalyze data.

In a post on X, renowned trader Johnny Woo indicated that Chiliz generated a buy signal on the 3-day timeframe. The question remains: will the FIFA World Cup act as a catalyst strong enough to breach the overhead multi-month resistance zone?

CHZ Bulls Target the $0.05 Resistance Level

Chiliz 1-Day Chart

Source: CHZ/USDT on TradingView

The daily chart presents a bullish structure for CHZ. A notable shift occurred on December 9, with another structural break on December 19 that turned the $0.34 local resistance into support. Since testing a swing low at $0.28, Chiliz has impressively rallied by 56% in just 13 days. Additionally, the On-Balance Volume (OBV) has been rising throughout the past month, indicating increasing buying interest.

The bullish crossover on the moving averages further suggests a shift in trend. The critical question is whether momentum and demand can maintain a bullish drive above the $0.05 mark.

Should Traders Consider Buying the Breakout?

From a technical analysis standpoint, yes, traders should consider this option. The rising trading volume and recent structural breaks provide convincing evidence, with momentum favoring the CHZ bulls.

However, the broader market context raises some caution. Bitcoin (BTC) remains below the $90k resistance level, casting a shadow of fear on the overall crypto markets. CHZ bulls have faced similar situations multiple times throughout 2025, often resulting in rejection at the $0.05 supply zone and a slow reversal of gains.

Traders’ Action Plan – Anticipate Similar Movements

Until a bullish breakout above the $0.050-$0.051 range occurs, maintaining a bearish stance is advisable. A weekly close above $0.051 would significantly alleviate bearish concerns, but caution is warranted to avoid pursuing a rally that may reverse.

Traders should look for signals of bearish reversals as Chiliz approaches the $0.05 resistance level. While it might be risky to go short, there’s still a chance for consolidation beneath the resistance.

Final Thoughts

Disclaimer: This article presents opinions and should not be interpreted as financial, investment, trading, or other types of advice.