Chiliz (CHZ) is showing signs of entering a macro accumulation phase on Friday, February 27, according to the crypto analyst Crypto Patel. The token recently completed a 98% drawdown from its all-time high, clearing late-cycle liquidity and shaking out weaker positions.
Price has now reacted from a monthly demand zone, signaling a potential base for a trend reversal and institutional absorption.
High-timeframe charts reveal a strong reaction from macro support, with 543% expansion from the demand zone. Crypto Patel suggests this indicates institutional accumulation at discounted levels, absorbing retail liquidity.
Impulsive movements and structural shifts point toward early macro reversal characteristics, while major buy-side liquidity stacked above the current range provides fuel for potential rallies if the trend continues upward.
Also Read: Chiliz (CHZ) Falling Wedge Pattern Signals Potential Reversal Toward $0.29
CHZ Accumulation Shows 4500% Upside Potential
Projected targets for $CHZ, assuming the macro structure holds, include $0.143, $0.297, $0.656, and $0.94, with an approximate 4,500% upside from current levels.
Crypto Patel highlights that positioning during this discounted accumulation phase offers high asymmetry, allowing investors to enter early before broader market attention drives price higher, reinforcing the potential for a sustained bullish trend.
Source: Crypto Patel X Post
The narrative points to a deep cycle reset with $CHZ experiencing monthly order block reactions, as well as HTF absorption, all of which could be setting up a potential macro trend reversal.
Naturally, further breakdowns will be necessary to prove the current bearish case wrong, but the initial signs point towards a classic accumulation pattern.
For the trading community, the current state of the market is one that should be seen as a chance to set up ahead of potential large-scale upward movements.
Momentum Indicators Point to Cautious Outlook
According to TradingView, as of Friday, February 27, the RSI value is at 35.34, while its 14-day moving average is at 38.06. The stock’s position at these oversold levels implies that its recent decline is nearing a temporary halt.
The slightly rising RSI value indicates a weakening bearish momentum. However, its position below 50 implies that sellers are in charge.
Source: TradingView
MACD shows a negative histogram where the MACD line is at -0.00318, below the -0.00284 signal line. The histogram bars are small and fading, indicating weakening bearish pressure.
Although there is no bullish signal, the near oversold RSI coupled with the consolidating MACD line may indicate possible consolidation or reversal, although the overall trend is still bearish.
Also Read: Chiliz (CHZ) Eyes $0.05 Upside After Testing Strong $0.03 Support
