support level
noun
: a price level on a declining market at which a security resists further decline due to increased attractiveness to traders and investors
called also support area
Example Sentences
Recent Examples on the Web Bitcoin dropped through a major support level Tuesday, falling below $19,700 amid a sell-off in broader markets that saw equity indexes decline and the euro approach parity with the U.S. dollar. 
Shaurya Malwa, Fortune, 12 July 2022 The commodity looks to be bouncing off an important support level. Jj Kinahan, Forbes, 4 Jan. 2022 Just this week, there was a big sale of stock by the CEO, and JNPR broke below $28, which had been a key support level over the past 15 months. John Dobosz, Forbes, 16 June 2022 The token also broke through a technical support level of $18,300, said Katie Stockton managing partner and founder of Fairlead Strategies. Fortune, 19 June 2022 The largest cryptocurrency by market value dropped 4% in the last 24 hours, according to CoinGecko, breaching a key support level and hitting a daily low of $34,406. Taylor Locke, Fortune, 8 May 2022 Notably, Manhattan prices have slowly fallen since 2015, and even dipped below the bottom support level, suggesting an oversold market. John Walkup, Forbes, 8 Oct. 2021 With Bitcoin falling $1,200 to $34,600 in the past few hours this support level could come into play. Chuck Jones, Forbes, 8 May 2022 The correction from the high dropped below the 38.2% Fibonacci support level, which is quite typical. Tom Aspray, Forbes, 22 May 2021 See More
Shaurya Malwa, Fortune, 12 July 2022 The commodity looks to be bouncing off an important support level. Jj Kinahan, Forbes, 4 Jan. 2022 Just this week, there was a big sale of stock by the CEO, and JNPR broke below $28, which had been a key support level over the past 15 months. John Dobosz, Forbes, 16 June 2022 The token also broke through a technical support level of $18,300, said Katie Stockton managing partner and founder of Fairlead Strategies. Fortune, 19 June 2022 The largest cryptocurrency by market value dropped 4% in the last 24 hours, according to CoinGecko, breaching a key support level and hitting a daily low of $34,406. Taylor Locke, Fortune, 8 May 2022 Notably, Manhattan prices have slowly fallen since 2015, and even dipped below the bottom support level, suggesting an oversold market. John Walkup, Forbes, 8 Oct. 2021 With Bitcoin falling $1,200 to $34,600 in the past few hours this support level could come into play. Chuck Jones, Forbes, 8 May 2022 The correction from the high dropped below the 38.2% Fibonacci support level, which is quite typical. Tom Aspray, Forbes, 22 May 2021 See More Word History
First Known Use
1906, in the meaning defined above