A support level is a term used in technical analysis to describe a price level at which there is significant interest from buyers, causing the market to bounce off that level and continue its upward trend. This level acts as a floor for the stock or currency, preventing it from falling further. In other words, it's an area on a chart where the demand for the instrument is high enough to stop the price from declining any further. Support levels are typically found by looking at previous lows in the market and drawing horizontal lines there. These lines act as resistance when prices approach them from above but also provide support if the market falls below that level.