Definition ∞ Price support confirmation occurs when a digital asset’s price repeatedly holds above a specific level, indicating strong buying interest at that threshold. This suggests that market participants are willing to purchase the asset whenever it declines to this price point. It provides a technical indicator of a potential floor for the asset’s value, signaling resistance to further downward movement.
Context ∞ Technical analysts frequently discuss price support confirmation in cryptocurrency market updates, interpreting it as a signal of market strength. News reports often examine how sustained support levels influence investor confidence and future price trajectories. The ability of an asset to maintain a support level can indicate a shift in market sentiment from bearish to neutral or bullish.
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