A resistance break occurs in technical analysis when an asset’s price moves above a previously established resistance level. A resistance level represents a price point where selling pressure historically outweighs buying pressure, preventing further upward movement. A sustained break above this level indicates a shift in market sentiment, suggesting that buying pressure has overcome prior selling forces. This often signals potential for continued price appreciation.
Context
In crypto news, a resistance break is a commonly cited technical indicator for market analysts and traders. It often serves as a signal of bullish momentum, prompting discussions about potential price targets and entry or exit strategies. News reports frequently highlight these technical events as significant milestones for a cryptocurrency’s market performance.
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