Chiliz (CHZ) has achieved a significant breakout on its Bitcoin (BTC) pair, successfully moving beyond a prolonged downtrend. The cryptocurrency has recently seen a substantial price increase, with a 12% surge in a single day, as it advances towards the 170 Sats target. This development represents a crucial shift in its price trajectory, marking the first confirmed weekly close outside its previous downward channel since 2022.
$CHZ: The weekly close confirmed the breakout. For the first time since 2022, CHZ has left the downtrending channel on its BTC pair. Now, we could cool down a bit short-term, a retest of 50 Sats would be reasonable, my target remains 170 Sats. https://t.co/HkSl1J2beApic.twitter.com/Hd677Zfd9g
— Christian Ott (@ChrisOtt) January 20, 2026
Bullish Divergence and RSI Support
The recent price action of Chiliz is further bolstered by a bullish divergence observed on its Relative Strength Index (RSI) chart. The RSI has now reached its highest weekly level since 2021, serving as a strong indicator of increasing upward momentum. This breakout also coincides with a noticeable shift in market sentiment, suggesting that the asset may be poised for a more significant rally in the upcoming months.
While some short-term price cooling might occur, with a retest of the 50 Sats region considered a reasonable possibility, the overarching outlook for Chiliz remains positive. Christian Ott, a recognized cryptocurrency analyst, has consistently maintained a price target of 170 Sats for $CHZ. The current price movement aligns with his prior analysis, and the confirmed breakout supports the potential for continued gains.
Potential for Short-Term Cooling and Retest
Despite the strength of the recent breakout, market observers suggest that $CHZ could experience a period of short-term cooling. A retest of the 50 Sats level is anticipated before the price attempts further upward movement. This potential retracement would serve to establish a more robust base, allowing the price to gather momentum for the subsequent upward trend. The price target of 170 Sats remains a key objective for investors anticipating longer-term gains.
The successful breakout from the downtrend channel is a positive development for Chiliz holders. However, a degree of caution is advisable as the market adjusts to these changes. The possibility of a retest presents an opportunity for market stabilization before pushing higher.