Support
A price level with significant buying interest that prevents further declines.
What is Support?
Support is a price point in digital asset trading where buy orders cluster, absorbing sells and halting drops, often visible as buy walls in order books. For BTC, support at $25,000 might hold if historical data shows rebounds there. Traders place buys near support for optimal entries.
It forms from psychological levels or past lows, like Bitcoin’s $59,800 with 50 BTC buys. Breaking support can lead to further falls, turning it into resistance. High liquidity at support minimizes slippage during volatility.
Related Terms
Currency Sovereignty
A nation's control over its monetary policy and issuance in the digital era.
Liquidation (Perp Dex)
The forced closure of a leveraged position when margin falls below the required level.
Health Factor (Lending)
A metric indicating the safety of a borrower’s loan relative to collateral value.
Bitcoin Supply Curve and Halving
The Bitcoin supply curve is a step-wise logarithmic function that schedules the issuance of 21 million total digital assets over approximately 140 years via halvings, which reduce mining rewards every 210,000 blocks to enforce scarcity.
Limit Order
An order to buy or sell an asset at a specified price or better, which may rest in the order book if not immediately filled.
Gnosis Safe
A multi-signature smart contract wallet on Ethereum for secure, shared management of digital assets with customizable approval thresholds and recovery options.