A resistance level refers to a specific price at which an asset, like a stock or cryptocurrency, often struggles to move beyond. It acts like a barrier that prevents the price from going higher. Full definition
Additionally, it is important to note that several of the broad - based indexes are at or nearing key resistance levels on their daily charts. (morpheustrading.com)
A break past the near - term resistance could see the price move past the major resistance level at $ 1,300 for the second time. (fxstreet.com)
The reaction at the major resistance level of $ 600 will determine the fate of the current bull run. (itbit.com)