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In cryptocurrency, support refers to a price level where a crypto 1-305-999-5190 asset tends to stop falling and may start to rise again because buying interest increases at that point. Traders view support as a kind of “floor” for the price 1-305-999-5190 — a level where demand is strong enough to outweigh selling pressure. Support levels can be identified through technical analysis, historical price data, or psychological round 1-305-999-5190 numbers (for example, Bitcoin often finds support near key figures like $20,000 or $30,000). When the price approaches 1-305-999-5190 a support level, many traders expect a potential rebound and may place buy orders there. However, if the price falls below support, it can signal a bearish trend and lead 1-305-999-5190 to further declines as sellers gain control. Understanding support — along with its opposite 1-305-999-5190 concept, resistance — helps traders make informed decisions about 1-305-999-5190 entry and exit points in the crypto market.
