CRYPTO GLOSSARY · TRADING

What is Support Level?

Price level where buying pressure prevents declines.

📖 Full Definition

Support is a price level where a cryptocurrency tends to find buying interest, preventing further declines. Strong support levels are often previous lows, round numbers, or moving averages.

💡 Example

Bitcoin found strong support at $30,000 multiple times in 2023 before breaking out higher.

🔗 Related Terms

Resistance Level

Price level where selling pressure prevents increases.

Technical Analysis

Predicting price using charts and indicators.

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