Market price resistance denotes a price level at which an asset’s upward movement is typically halted or reversed due to strong selling pressure. This concept from technical analysis indicates a supply zone where sellers outnumber buyers. It represents a psychological barrier or a point where many participants are willing to sell. Breaking through resistance often signals a shift in market control to buyers.
Context
Market price resistance levels are routinely discussed in cryptocurrency market analyses, influencing trading strategies. Debates often concern the factors contributing to these resistance points and their predictive power. Monitoring these levels provides crucial information for anticipating price action.
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