Definition ∞ Price Support Foundation refers to a level at which an asset’s price tends to cease falling and often reverses its downward trend. This technical analysis concept suggests a concentration of buying interest at a specific price point, preventing further declines. It acts as a psychological or structural barrier against continued price depreciation. This level can indicate a strong demand zone.
Context ∞ In cryptocurrency markets, identifying a price support foundation is a common practice among traders and analysts to predict potential price reversals or accumulation zones. News articles often discuss whether specific price levels are holding as support, influencing investor sentiment and short-term market outlook. The strength of this foundation can indicate underlying market confidence.
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