Definition ∞ Price range support represents a specific price level or zone where a digital asset tends to find sustained buying interest, preventing further downward movement. This level is often identified through historical price action, where the asset previously reversed its decline, establishing a floor. It suggests that market participants are willing to acquire the asset at or above this price point. Support levels are critical for technical analysis in cryptocurrency markets.
Context ∞ In crypto news analysis, identifying and discussing price range support helps traders and investors understand potential areas where an asset’s price might stabilize or reverse its trend. A decisive break below a significant support level is often considered a bearish signal, indicating further price depreciation. Conversely, holding support can confirm market strength.
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