Chiliz Reclaims $0.054 Level, Signaling Bullish Reversal

Edgen Crypto

·Jan 27 2026, 14:35

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Key Takeaways

A technical analysis of Chiliz (CHZ) reveals a classic liquidity sweep and reversal pattern, suggesting a potential short-term price increase. The token's ability to reclaim a key technical level after flushing out sell orders has established a clear bullish setup for traders.

Chiliz (CHZ) executed a sell-side liquidity sweep on January 27, briefly dipping into the $0.050-$0.052 price range.
The token then reversed course and reclaimed the critical $0.054 breaker level, indicating a potential market structure shift from bearish to bullish.
This technical formation establishes a long setup with initial price targets at $0.0589, followed by potential moves toward $0.0643 and $0.0668.

CHZ Executes Liquidity Sweep Below $0.052

On January 27, 2026, the Chiliz (CHZ) token's price action created a potential bullish opportunity after a calculated dip into the $0.050 to $0.052 zone. This move was identified as a sell-side liquidity sweep, a technical event where price briefly drops below a key support level to trigger stop-loss orders before reversing direction. By clearing out these sell orders, the market sets a cleaner path for a potential upward move.

Reversal Above $0.054 Establishes Bullish Setup

Following the sweep, CHZ quickly recovered, reclaiming the $0.054 price level, which is considered a technical 'breaker' zone. This sharp reversal confirmed a market structure shift on the 4-hour chart, providing a strong signal for a potential trend change. The setup suggests a long entry point around $0.0543, with a protective stop-loss placed at $0.049. The primary upside target is now focused on the $0.0589 level, where a price imbalance exists. If this level is breached, further targets are projected at $0.0643 and $0.0668. This bullish thesis is reinforced by the pattern's alignment with a significant order block on a higher timeframe, increasing trader confidence in the reversal scenario.