Chiliz has kicked off its PepperFest anniversary event, a two-week celebration featuring surprise airdrops, creator bounties in CHZ, and community-driven token burns of up to 10 billion PEPPER. The event, which runs until October 24, aims to engage the community and enhance the utility of the CHZ token. Currently, CHZ is trading between $0.039 and $0.042, close to its weekly low. Analysts highlight that since March 2025, CHZ has been trading within a range of $0.033 to $0.049. However, momentum indicators suggest a potential breakout to $0.066 to $0.088 if the current resistance levels are surpassed.