Definition ∞ Strong price support refers to a specific price level or zone where a cryptocurrency’s downward movement is consistently halted by significant buying interest. This level indicates a concentration of demand from market participants who are willing to purchase the asset at or near that price. It suggests that many investors perceive the asset as undervalued or fairly priced at that point. This prevents further price declines.
Context ∞ News analysis frequently identifies strong price support levels as critical thresholds for market stability and potential rebound. When an asset approaches such a level, reports often observe whether buying pressure increases, confirming its strength. Breaching a strong support level can signal a significant bearish shift, while holding above it can reinforce positive sentiment. These levels are key for technical analysis and risk management.
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