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Chiliez has finally broken through the critical resistance. After four consecutive retests of the $0.050 level over the past year, the price just closed above it decisively. This marks a significant shift in market structure.
The accumulation phase appears to be complete. What makes this breakout notable is the repeated rejection and recovery pattern—each retest provided another opportunity for smart money to accumulate before the eventual thrust higher.
If momentum holds, the next major resistance cluster sits around $0.14. That would represent approximately a 180% rally from current breakout levels. Technical confluence at that zone includes previous swing highs and declining resistance from the long-term chart.
Traders are watching whether this breakout sustains above $0.050 or if we see a retest of this newly-flipped support. Volume confirmation during the move will be crucial for validating the strength of this shift.