Definition ∞ Market cycle support refers to a price level or range within a market cycle where buying interest typically strengthens, preventing further significant price declines. This technical analysis concept suggests a point where previous price action or investor behavior indicates a floor. It represents a psychological or structural barrier against downward momentum. Identifying these levels aids trading strategies.
Context ∞ In cryptocurrency news and technical analysis, market cycle support levels are frequently discussed as critical indicators for traders and investors. Reports often highlight specific price points where assets historically found buying interest during market downturns. Observing whether an asset holds above or breaks below a significant support level provides insight into the prevailing market trend and potential future price action. These levels are closely watched for signs of market reversals or continuations.
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