Market rejection occurs when a digital asset’s price fails to sustain a move above a particular price level or trendline. This technical analysis concept indicates that buyers are unwilling to purchase the asset at higher prices, or sellers are aggressively entering the market at that level. It often results in a sharp reversal of price direction after touching a resistance point, suggesting strong overhead supply or a lack of conviction in upward momentum. Such a rejection can signal a potential shift in market sentiment from bullish to bearish.
Context
Market rejection is a widely discussed phenomenon in cryptocurrency trading analysis and news, especially when major digital assets approach significant resistance levels. Reports frequently highlight instances of price rejection as indicators of potential price reversals or the strength of certain price barriers. Traders often use this concept to identify potential entry or exit points and manage risk in volatile crypto markets.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
