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What is Resistance Level?
Crypto Glossary Definition
It is a price that a given asset typically has trouble reaching above. If it does reach above that level, it will likely climb even higher now that this level has been broken.
Why Resistance Level Matters
A resistance level is a price point where an asset has historically struggled to break above, as selling pressure repeatedly overwhelms buying pressure there. Once decisively broken, a former resistance level often becomes a new support level.
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