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

For the past two weeks, markets have experienced some pullbacks after becoming slightly overbought, but key support levels have largely held.

From MarketWatch

With the price of silver now above $60, Robert Minter, director of ETF investment strategy at Aberdeen Investments, said he sees $50 as a key support level for the metal.

From MarketWatch

Holding above that long-term support level would be considered a positive sign for bitcoin, Stockton said.

From MarketWatch

Holding above that long-term support level would be considered a positive sign for bitcoin, Stockton said.

From MarketWatch

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

From Barron's