A trading range refers to a period when an asset’s price moves horizontally between a defined upper resistance level and a lower support level, without establishing a clear upward or downward trend. Within this range, buying and selling pressures are relatively balanced, causing the price to oscillate. It represents a period of market indecision. Such ranges often precede breakouts.
Context
Crypto news analyses frequently discuss trading ranges for digital assets, as these periods provide opportunities for technical traders and indicate market consolidation. Reports often highlight key support and resistance levels that define the range, suggesting potential breakout or breakdown points. Understanding an asset’s trading range is crucial for short-term price predictions and strategic positioning.
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