Chiliz entered the week on a strong footing, climbing by 11% and breaking back into the top 100 most valuable cryptocurrencies by market capitalization. The altcoin ranked 91st at press time, with its market cap reaching $495.24 million.
Open Interest in CHZ rose by $14.6 million over the past 24 hours, reaching $56 million, as investor participation strengthened alongside the price rally. This rise reflects growing confidence among traders and a renewed willingness to take exposure to the altcoin.
CHZ’s Open Interest-Weighted Funding Rate has turned positive, printing 0.0782%. A positive and rising Funding Rate typically indicates that traders are willing to pay a premium to maintain long positions, reinforcing the view that market participants expect further upside.
To assess whether the latest move has structural support, technical indicators provide useful insight into accumulation and momentum. The Accumulation Distribution indicator showed clear buyer dominance in recent sessions. Total trading volume has climbed to 7.8 billion CHZ, indicating that the rally is supported by meaningful participation rather than thin liquidity. Momentum indicators also lean in favor of the bulls.
Chiliz recently became a member of the Markets in Crypto-Assets (MiCA) Crypto Alliance, an initiative focused on helping blockchain projects align with regulatory standards across the European Union. This move positions Chiliz more favorably within Europe’s evolving regulatory framework, and investors often view regulatory alignment as a long-term positive, particularly for consumer-facing sectors such as sports and entertainment. The development likely reinforced confidence in Chiliz’s compliance-first approach, which may have encouraged fresh positioning in CHZ, with the sports-focused cryptocurrency recording approximately $14 million in fresh inflows, fueling renewed buying pressure and pushing the asset higher. Derivatives indicators now point to rising accumulation, with market sentiment tilting increasingly toward additional upside.
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