support level

American  

noun

Stock Exchange.

1. a minimum price below which a specific stock is not supposed to fall, as because of the stock's inherent worth.

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Etymology

Origin of support level

First recorded in 1950–55

Example Sentences

Bitcoin’s losses accelerated once its price broke below $90,000, which many analysts view as a key support level.

From Barron's

Bitcoin’s price fell, dropping below the $90,000 support level it had reclaimed last week.

From Barron's

“It looks like $80k is the next major support level to watch with a break below providing a potential catalyst for further weakness,” Scholar said.

From MarketWatch

The largest digital asset had reclaimed the key $90,000 level last week but fell through that support level again on Sunday.

From Barron's

“A break below this technical support level could provide further fuel to the crypto bears, adding to downside pressure,” she wrote in a research note on Monday.

From Barron's