Definition ∞ Sustained price support refers to a persistent and reliable level at which an asset’s price consistently finds buying interest, preventing significant declines over an extended period. This indicates strong underlying demand and a willingness of market participants to acquire the asset at that price point. It suggests a resilient market floor that can absorb selling pressure. This is a key indicator of market strength and stability.
Context ∞ Identifying sustained price support is a critical analytical exercise for assessing the long-term viability and stability of a digital asset. Technical analysis frequently examines trading volumes and order book depth around these levels. News reports often highlight assets demonstrating sustained price support as resilient during broader market corrections.
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