Chiliz

Resistance

Polygon

Technical analysis is a crucial indicator that investors, especially those operating in the futures <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a>, need to constantly follow in the cryptocurrency market. So what clues does technical analysis provide for Chiliz, which is currently trading at $0.084, and Polygon, which is trading at $0.91? Let’s examine in detail the chart analysis, important support and resistance levels.
<h2 class="p1" style="text-align: justify" id="chiliz-four-hour-chart-analysis">Chiliz Four Hour Chart Analysis</h2>
The rising channel formation stands out as the first formation structure on the four-hour chart of Chiliz. Along with the rises in the cryptocurrency market, many steps taken by the Chiliz team have helped <a href="https://en.coin-turk.com/chiliz-builds-its-ecosystem-by-partnering-with-25-sportfi-projects/" data-wpel-link="internal" rel="noopener noreferrer nofollow">CHZ</a> gain momentum. However, the price getting stuck in a zone in recent bar formations may ring alarm bells for CHZ.
The support levels to be considered for CHZ on the four-hour chart are respectively $0.08132, $0.07879, and $0.07707. Especially if the bar closes below the $0.08132 support, Chiliz may lose momentum, and this downtrend formation may continue until the support of the formation.
The resistance levels that need to be monitored on the four-hour chart for CHZ are respectively $0.08510, $0.08800, and $0.09138. Especially if the bar closes above the $0.088 level, the rising channel formation will start to work in an upward direction, and CHZ price will gain significant momentum.
<img decoding="async" class="aligncenter wp-image-275704 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/chz-4s-grafigi.png" alt="" width="2473" height="1050">
<h2 class="p1" style="text-align: justify" id="polygon-four-hour-chart-analysis">Polygon Four Hour Chart Analysis</h2>
With the developments in the Polygon sector, the noticeable rise in <a href="https://en.coin-turk.com/revolutionary-update-for-network-security-and-transaction-speed-with-polygon-2-0-and-pol-upgrade/" data-wpel-link="internal" rel="noopener noreferrer nofollow">MATIC</a> price continues. While the rising channel formation stands out on the four-hour chart, the resistance in this structure was broken in the recent bar formation. Whether this breakthrough in MATIC is a bull trap or the beginning of a serious rally will be determined in the future.
The support levels that stand out on the four-hour chart for MATIC are respectively $0.8784, $0.8312, and $0.8000. Especially if the bar closes below the $0.8784 level, MATIC may return to the formation zone and seek strength at the support line.
The resistance levels that need to be monitored on the four-hour chart for MATIC are respectively $0.9482, $0.9782, and $1.004. Especially if the bar closes above the $1.004 level, it holds significant importance for MATIC.
<img decoding="async" class="aligncenter wp-image-275703 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/matic-4s-grafik.png" alt="" width="2479" height="1042"> Continue Reading: <a href="https://en.coin-turk.com/technical-analysis-of-chiliz-and-polygon-important-support-and-resistance-levels/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/technical-analysis-of-chiliz-and-polygon-important-support-and-resistance-levels/</a>

Technical Analysis of Chiliz and Polygon: Important Support and Resistance Levels

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