{"id":9217,"date":"2026-05-19T11:38:52","date_gmt":"2026-05-19T11:38:52","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9217"},"modified":"2026-05-19T11:38:52","modified_gmt":"2026-05-19T11:38:52","slug":"chiliz-targets-new-weekly-highs-as-derivatives-data-flips-bullish","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9217","title":{"rendered":"Chiliz targets new weekly highs as derivatives data flips bullish"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/05\/ChatGPT-Image-May-19-2026-11_06_45-AM-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/05\/ChatGPT-Image-May-19-2026-11_06_45-AM-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/05\/ChatGPT-Image-May-19-2026-11_06_45-AM-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/05\/ChatGPT-Image-May-19-2026-11_06_45-AM-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-19-2026-11_06_45-AM.png\" alt=\"Chiliz is approaching the $0.051 resistance\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<p><span style=\"font-weight: 400;\">Key takeaways<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CHZ is up 5% in the last 24 hours and is now approaching the $0.05 resistance level.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The derivatives data indicate that the bulls are in control at the moment.<\/span><\/li>\n<\/ul>\n<h2>Chiliz outperforms the broader crypto market<\/h2>\n<p><span style=\"font-weight: 400;\">Chiliz (CHZ) is one of the best performers among the top cryptocurrencies, as the coin is up by 5% in the last 24 hours. Thanks to its latest rally, CHZ is trading at $0.049 and could rally higher in the near term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The momentum indicators remain constructive, indicating that CHZ could extend its rally over the next few hours and days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data obtained from <\/span><span style=\"font-weight: 400;\">CoinGlass<\/span><span style=\"font-weight: 400;\"> shows that the futures\u2019 Open Interest (OI) at exchanges in Chiliz surges to $80 million on Tuesday, up from $58 million in the previous week.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is the highest Chiliz\u2019s OI has been since January. The rising OI indicates that new or additional bullish positions are opening in the market, suggesting a bullish outlook for CHZ.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, Chiliz\u2019s funding rates flipped positive on Sunday and surged to 0.0043% on Tuesday. The funding rate turning positive means that the bulls are firmly in control of the market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CoinGlass\u2019 long-to-short ratio for CHZ read 1.01 on Tuesday, after sitting in the red territory for over a week.\u00a0<\/span><\/p>\n<h2>Chiliz price forecast: The $0.051 resistance level remains a key challenge<\/h2>\n<p><span style=\"font-weight: 400;\">The CHZ\/USD 4-hour chart is bullish and efficient as Chiliz has outperformed the broader cryptocurrency market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cryptocurrency market is currently trading above key support levels thanks to its recent rally. The momentum indicators also suggest that the buyers could push CHZ\u2019s price higher in the near term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) at 58 shows that the bulls have regained control but still have more room for growth.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Moving Average Convergence Divergence (MACD) line has turned positive, with the histogram marginally above zero, hinting at a steady rally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the bullish scenario continues, the buyers would face immediate resistance at the recent swing high of $0.051.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A daily candle close above this level would allow the bulls to extend the rally towards the $0.057 resistance and then the January high at $0.064.<\/span><\/p>\n<p><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-364865\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/05\/CHZUSD_2026-05-19_11-01-44.png\" alt=\"CHZ\/USD 4H Chart\" width=\"1793\" height=\"836\"\/><\/p>\n<p><span style=\"font-weight: 400;\">However, if the sellers regain control, immediate support would emerge around the $0.047 Inducement Liquidity (ILQ).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Failure to defend this support level would expose the other major zones around the $0.043 and $0.041. <\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>Analysis,chiliz#Chiliz #targets #weekly #highs #derivatives #data #flips #bullish1779190732<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways CHZ is up 5% in the last 24 hours and is now approaching the $0.05 resistance level. The derivatives data indicate that the bulls are in control at the moment. Chiliz outperforms the broader crypto market Chiliz (CHZ) is one of the best performers among the top cryptocurrencies, as the coin is up<\/p>\n","protected":false},"author":1,"featured_media":9218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-9217","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chiliz targets new weekly highs as derivatives data flips bullish - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"CHZ is approaching the $0.051 resistance level as derivatives data and momentum indicators suggest further rally.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=9217\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chiliz targets new weekly highs as derivatives data flips bullish\" \/>\n<meta property=\"og:description\" content=\"CHZ is approaching the $0.051 resistance level as derivatives data and momentum indicators suggest further rally.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=9217\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-19T11:38:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-19-2026-11_06_45-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1402\" \/>\n\t<meta property=\"og:image:height\" content=\"1122\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9217\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=9217\",\"name\":\"Chiliz targets new weekly highs as derivatives data flips bullish - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9217#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9217#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-19-2026-11_06_45-AM.png\",\"datePublished\":\"2026-05-19T11:38:52+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"CHZ is approaching the $0.051 resistance level as derivatives data and momentum indicators suggest further rally.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9217#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=9217\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9217#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-19-2026-11_06_45-AM.png\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-19-2026-11_06_45-AM.png\",\"width\":1402,\"height\":1122},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9217#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chiliz targets new weekly highs as derivatives data flips bullish\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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