A price point at which a financial asset's price has historically found buying interest, leading to a pause or reversal of a downtrend.
A support level is a price zone where downward price pressure is expected to be temporarily halted or reversed due to an increase in demand. Traders often identify support levels by observing historical price action where buying activity has previously overcome selling pressure. These levels are considered psychological barriers that may prevent further price declines, although a sustained breach can signal a continuation of the downtrend.