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
Examples of support level in a Sentence
Recent Examples on the Web
Note that the price has dropped below the previous support levels of the early November 2024 low and is testing the low from early September 2024.
—
John Navin, Forbes, 24 Feb. 2025
Last week’s declines also led the S & P 500 to test key support levels on price charts.
—Fred Imbert, CNBC, 24 Feb. 2025
Investors are watching $90,000 as the key support level in bitcoin, and some have warned of an even deeper pullback toward $80,000 should the cryptocurrency meaningfully break below its support.
—Tanaya MacHeel, CNBC, 3 Feb. 2025
There are additional technical support levels to watch that could make this rally sustainable.
—Schaeffer's Investment Research, Forbes, 24 Jan. 2025
See All Example Sentences for support level
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
John Navin, Forbes, 24 Feb. 2025
Last week’s declines also led the S & P 500 to test key support levels on price charts.
—Fred Imbert, CNBC, 24 Feb. 2025
Investors are watching $90,000 as the key support level in bitcoin, and some have warned of an even deeper pullback toward $80,000 should the cryptocurrency meaningfully break below its support.
—Tanaya MacHeel, CNBC, 3 Feb. 2025
There are additional technical support levels to watch that could make this rally sustainable.
—Schaeffer's Investment Research, Forbes, 24 Jan. 2025
See All Example Sentences for support level
Cite this Entry
“Support level.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/support%20level. Accessed 3 Mar. 2025.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share