Chiliz rallies 11.7% to $0.0154, boosted by new sports equity token plans and strong trader interest

Chiliz (CHZ) surged 11.7% to a three-week high of $0.0154 after reclaiming key resistance levels and increased trading volume. The rally is linked to Chiliz's new initiative with Socios Equity Tokens, which aims to bring regulated sports team ownership on-chain, potentially expanding its market beyond fan tokens. Trader interest also rose, with derivatives volume and open interest climbing, signaling bullish sentiment. If demand holds, CHZ could target $0.018, but profit-taking might cause a pullback to $0.013.