<p><strong>Support Level</strong> is a technical analysis term referring to a price level where buying activity increases, preventing further decline in the price of an asset. It marks the transition from a bearish to a bullish trend.</p>
<p>Support levels matter as they can indicate potential reversals in price direction. For instance, if the price of an asset falls to a previously established support level, buyers may step in, causing the price to stabilize or even increase, signaling a potential buying opportunity.</p>