Chiliz Group’s Empire Is Subtly Expanding: Is CHZ Price Positioned to Hit $0.20?
Although fan token markets are subdued in 2025, the Chiliz Group’s influence is gradually expanding, and the CHZ price is poised for a significant rise.
Chiliz Group, the organization behind Socios.com, has secured a majority ownership in OG Esports, stirring conjecture about the potential for its native token CHZ to target the $0.20 mark.
On Tuesday, the company announced it obtained a 51% controlling stake in OG, appointing co-founder and former shareholder Xavier Oswald as the new CEO.
What Does the New Chiliz Collaboration Mean For CHZ?
Socios.com will now act as the sole crypto wallet and engagement network for the $OG Fan Coin.
This agreement, revealed on September 16 in Madrid, aims to enhance OG’s operations and strengthen Web3 fan engagement within the Chiliz ecosystem.
This initiative follows OG’s fan token achieving a significant milestone as the first esports-centric token to surpass a $100M crypto market cap.
Various independent esports media have verified the acquisition and management changes, underscoring the ongoing attraction of tokenized fan assets to investors.
Chiliz is steadily expanding its regulatory and product landscape this quarter. On August 29, Socios Europe Services, part of the Chiliz Group, secured MiCA pre-authorization from Malta’s financial authority, progressing toward full crypto law across the European Union.
In June, the firm also unveiled plans for a $DOJO Fan Crypto token in collaboration with Ninjas in Pyjamas, indicating its intent to delve deeper into esports beyond its soccer partnerships.
At the time this was written, CHZ was trading around $0.0417, with daily volume about $39M.
(Source – CHZ USDT, Tradingview)
Although still significantly below the $0.20 level, this latest acquisition reinforces Chiliz’s long-term goals in esports and tokenized fan interaction.
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CHZ Price Outlook: Can CHZ regain the $0.045 level and advance towards $0.05?
Chiliz (CHZ) is working to form a higher low following its recent breakout, with traders assessing the sustainability of this movement.
The coin has been staying within a range of $0.043 to $0.045, where selling pressure has emerged and the price retreated to support levels.
Technical indicators reveal that CHZ has breached a descending trend line based on summer peaks, suggesting that the corrective phase has concluded.
Presently, the price is consolidating just beneath immediate price ceiling, with buyers prepared to uphold elevated levels to propel price increases.
Should sellers regain the upper hand, CHZ may fall back to the price floor range of $0.0407 to $0.0397. This level is also significant for a upward movement retest, making it crucial to monitor. A breakdown below this point could increase the token’s downside risk to $0.0353.
On the upside, immediate price ceiling is seen at $0.04507, followed by $0.04726, and then $0.05051. A daily close above $0.045 would signal optimistic momentum and pave the way toward the psychological $0.05 level.
The current setup reflects a traditional breakout-retest pattern. The chart forecast suggests a possible dip into support soon before recovering to $0.045.
Successfully defending this area could facilitate further gains.
Currently, Chiliz finds itself at a pivotal point. The ability of buyers to maintain the $0.040 area is likely to dictate whether the crypto token continues its upward trajectory or retreats into consolidation.
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The article Chiliz Group’s Empire Is Quietly Growing: Is CHZ Price Set to Slam $0.20? first appeared on 99Bitcoins.
