I've noticed that Chiliz has been climbing quite a bit these days. CHZ has surged nearly 10% over the past 24 hours and is trading around $0.05. What interests me most is that open interest has exploded by 24% in one day — that shows quite strong speculative confidence in this crypto. Since February, CHZ has tested the 78.6% Fibonacci level and turned it into support. The lows are gradually getting higher, which is a good sign. But honestly, I'm a bit concerned about the volumes. The A/D indicator has only slightly increased since March, meaning demand isn't really overwhelming. There is a concentration of short liquidations around $0.045-$0.048 that was recently wiped out. This could complicate things if the overall market dynamics weaken. On the H4, the structure remains bullish with support at $0.038. A break above $0.048 would be encouraging to continue, but for now, the risk-reward ratio isn't optimal. I prefer to wait for a pullback to $0.038-$0.04 before entering. Chiliz's overall trend remains positive, but there's no need to rush now.