Support refers to a price level where a cryptocurrency tends to stop falling and may even start to rise. It is seen as a point of buying interest, where traders and investors believe the asset is undervalued and thus start purchasing it.When a price approaches this level, demand increases, leading to a stabilization in price. If the price dips below this support level, it might signal that the asset is weakening, potentially leading to further declines. Traders often use historical price data to identify support levels, as these points can change over time based on market conditions, investor sentiment, and broader economic factors. Support can also be established through various tools, such as trendlines and indicators.Understanding support helps investors make informed decisions about entry and exit points, as well as risk management strategies. By recognizing potential support zones, traders can more effectively navigate price movements and reduce losses.