Support is defined as anything that keeps the price where it is rather than allowing it to fall further. The price on the chart that the seller believes will generate the most interest in the stock or index is known as the support level (in terms of purchasing). When the price falls below the support level, it almost always recovers and returns to the level. Aid is frequently provided at a lower rate than its market value.The price will most likely fall before reaching support, then stabilise, continue falling until all available demand is met, and then begin to rise. In a declining market, market participants have expressed a strong desire for high-level technical assistance. In many cases, the assistance serves as a motivator to make the purchase.

Support in cryptocurrency refers to a price level where a downtrend is expected to pause due to a concentration of buying interest. At this level, demand is strong enough to prevent the price from falling further. Traders identify support levels through historical price data, chart patterns, and technical indicators. When a cryptocurrency's price approaches a support level, it often bounces back, making it a crucial point for making buying decisions. However, if the price breaks below this level, it could indicate a bearish trend, prompting further declines. Understanding support helps traders set stop-loss orders, make strategic entries, and manage risks effectively in the volatile crypto market.