Chiliz Group’s Empire Is Quietly Growing: Is CHZ Price Set to Slam $0.20?

Core Insights - Chiliz Group is expanding its influence in the esports sector by acquiring a 51% stake in OG Esports, which may positively impact the price of its native token CHZ, potentially aiming for $0.20 [1][5] - The acquisition allows Socios.com to become the exclusive wallet and engagement platform for the $OG Fan Token, enhancing fan engagement within the Chiliz network [2] - The OG Fan Token has achieved a significant milestone by becoming the first esports-focused token to surpass a $100 million market cap [2] Company Developments - Chiliz has received MiCA pre-authorization from Malta's financial regulator, indicating progress towards regulatory compliance in the European Union [4] - The company is also planning to launch a $DOJO Fan Token in collaboration with Ninjas in Pyjamas, furthering its expansion into esports beyond football [4] Market Performance - As of the latest data, CHZ is trading around $0.0417 with a daily trading volume of approximately $39 million [4] - Technical analysis suggests that CHZ is attempting to establish a higher low after a recent breakout, with resistance observed between $0.043 and $0.045 [6][7] - If selling pressure increases, CHZ could revert to support levels between $0.0407 and $0.0397, which are critical points to monitor [7]