Definition ∞ Market Mean Support represents a specific price level where a digital asset’s valuation, on average, tends to attract sufficient buying interest to prevent further price depreciation. This level is typically derived from various technical analysis indicators, such as moving averages, which reflect the average price over a defined period. It acts as a potential floor for price movements.
Context ∞ Traders and market analysts in the cryptocurrency space frequently reference Market Mean Support levels in news and analytical reports to identify potential entry points or assess the strength of a price correction. A decisive breach below this support often signals further downward price action, while sustained trading above it can indicate underlying market resilience.
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