Definition ∞ Price Correction Support denotes the price level at which an asset’s value typically stabilizes after a downward adjustment. This level often represents a zone of increased buying interest or a historical point where selling pressure previously diminished. It is a key indicator for technical analysts assessing market stability.
Context ∞ In crypto news, Price Correction Support is frequently referenced when digital assets experience significant declines, with analysts seeking to identify where a reversal might occur. A critical factor contributing to this support is the presence of strong demand from long-term holders or institutional investors. Observing these support levels helps market participants gauge the potential depth of a correction and anticipate subsequent price movements.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
