A "support level" in finance refers to a price point on a chart where an asset, such as a stock or cryptocurrency, tends to stop falling and may even bounce back up. This level indicates a strong demand for the asset, as buyers are willing to purchase it at that price, preventing it from dropping further. Traders often use support levels to make decisions about buying or selling. If the price falls below this level, it may signal a potential downtrend, while a bounce off the support level can suggest a possible upward movement. Understanding support levels helps investors manage risk and identify potential opportunities.