Chiliz (CHZ) has staged a significant technical breakout, rallying 31.2% in January 2026, with its momentum tracing back to a 25% single-day gain on December 19, 2025. The move saw the token decisively break above the critical $0.05 multi-month resistance level, a zone it had struggled to breach for most of 2025. This breakout has flipped a long-term supply zone into support, signaling strong bullish intent.
The rally is underpinned by heavy capital inflows, as evidenced by the 3-day Chaikin Money Flow (CMF) climbing to +0.17 and the On-Balance Volume (OBV) surpassing its February 2025 highs. Open Interest has nearly tripled over the past three weeks, indicating heightened futures market activity. Technical analysis points to potential next price targets at $0.067 and $0.10, though a bearish divergence on the 4-hour chart suggests a possible short-term pullback to the $0.0460–$0.0495 area.
Fundamental drivers are equally powerful. The approaching 2026 FIFA World Cup is a major catalyst, with historical precedent showing CHZ surged nearly 380% during the 2022 tournament. The ecosystem is expanding through its Socios and Locker Room platforms. Socios, which has secured a MiCA license in Europe, recently launched a fourth national team Fan Token (following Argentina, Portugal, and Italy), driving direct demand for CHZ. The regulatory approval grants Chiliz access to over 450 million potential users in the EU.
Market metrics reflect this optimism: Chiliz's market capitalization has surpassed $565 million, with $166 million in 24-hour trading volume. However, the Relative Strength Index (RSI) indicates the market is overbought, signaling potential near-term resistance. Analysts note that holding above the $0.0514 support level is crucial for maintaining the bullish structure. Long-term growth is further supported by plans to re-enter the US market with $50–100 million in funding.
