Definition ∞ Market floor confirmation refers to technical analysis indicators or market behavior that strongly suggest a digital asset’s price has reached its lowest point for a given cycle. This confirmation often involves sustained price stability after a decline, increasing buying volume, and the formation of specific chart patterns. It signals a potential reversal from a bearish trend to a bullish one. This indicates strong support levels.
Context ∞ Analysts are actively seeking market floor confirmation across various digital assets following recent price corrections. Such confirmation would provide confidence for new capital allocation and signal the conclusion of a downward price movement. The absence of clear confirmation keeps many investors cautious.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
