Definition ∞ Medium-Term Support is a price level or zone on a cryptocurrency’s chart where buying interest is anticipated to be strong enough to halt or reverse a downward price movement over a period typically spanning weeks to a few months. This technical analysis concept suggests that assets tend to find price stability at these levels before potentially resuming an upward trend. It represents a psychological and market structure point where demand is expected to absorb selling pressure.
Context ∞ Medium-term support is a fundamental concept in cryptocurrency market analysis and is regularly cited in news articles providing technical price outlooks. Traders and analysts frequently reference these levels when discussing potential price floors or strategic entry points for investments. Reports on market corrections or consolidation phases often refer to the asset’s ability to hold above its medium-term support as a key indicator of market health.
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