Definition ∞ Long-Term Support refers to a price level or zone where a cryptocurrency has historically found significant buying interest, preventing further declines over an extended period. This level acts as a strong floor, suggesting that investors are willing to acquire the asset at or above this price. It often indicates a fundamental valuation point for the asset. This technical analysis concept helps assess market stability.
Context ∞ News articles frequently reference long-term support levels when discussing price stability or potential market reversals for major cryptocurrencies. Breaching a long-term support level can signal a significant shift in market sentiment and potentially deeper price corrections. Conversely, holding above such a level reinforces confidence among holders and attracts new capital.
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