On-chain resistance refers to price levels where a substantial amount of digital assets were last moved on the blockchain at a higher price than the current market value. These levels represent potential selling pressure as holders who acquired assets at those prices may seek to exit their positions at breakeven or with minimal loss. It acts as a barrier to upward price movement. This concept is derived from direct blockchain data.
Context
Understanding on-chain resistance is a key component of advanced cryptocurrency market analysis and is often cited in news reports. It provides a data-driven perspective on where price rallies might encounter significant supply. Analysts use these zones to predict potential price reversals or consolidation periods.
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