You need to know that crypto support is the lower limit of prices that will be difficult for traders in the capital market to penetrate within a certain period of time. Not only in crypto assets, this concept also applies to other markets such as the stock market and derivatives market. In general, support is characterized by a horizontal or slightly sloping line at the lower limit of the chart. When prices are in a downtrend, additional technical analysis indicators such as moving averages can be used to accurately determine support. Even if the price has been close to the support line historically, analysis is needed so that we can gauge whether the price will move up or stagnate.
What is Crypto Support?
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