Support
Definition
Support refers to a level in the cryptocurrency market that, if the price of an asset falls below a certain level, can prevent the price from falling further.
This level is often identified in technical analysis and is considered an important buy zone by investors. Support refers to a point in the cryptocurrency market that can prevent further decline when the price falls below a certain level in a downward trend. In technical analysis, support levels are defined as places on the price chart where the price has previously risen and retreated. These points are usually areas where investors buy because as the price approaches this level, demand increases and may cause the price to rise. Support levels represent obstacles that the price could potentially face while in a downtrend, thus making it difficult for the price to decline further. However, support levels do not always guaranteed push the price up, and the price may fall below or break the support level. Therefore, investors prefer to use it in conjunction with other analysis tools and risk management strategies when tracking support levels.
This entry is part of the JrKripto crypto glossary. We explain key terms and concepts to help investors and traders understand the cryptocurrency market. Clear definitions support better decision-making and risk management.
Browse the full JrKripto glossary for more definitions on trading, DeFi, blockchain, and market analysis. Each term includes a short definition and extended explanation to support your research.
The JrKripto crypto glossary explains important terms and concepts so investors can understand the market better. Clear definitions support decision-making and risk management. Each entry has a short definition and, where useful, an extended explanation for quick reference or deeper reading.
The glossary covers a wide range of topics from trading and DeFi terms to blockchain infrastructure and market indicators. You can find terms via search or the term list. Use the related terms section to discover related concepts.
