Definition ∞ Price decline support refers to a specific price level at which a digital asset historically tends to cease falling and finds renewed buying interest, preventing further downward movement. This level acts as a psychological or technical floor for the asset’s valuation. It represents a point where demand is expected to overcome supply. This can signal a potential reversal point.
Context ∞ Technical analysts in cryptocurrency markets closely monitor price decline support levels to predict potential reversals or consolidation phases. News reports often discuss whether a particular digital asset is holding or breaking through key support levels during market corrections. These levels are critical for understanding market structure and potential price trajectories.
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