paula immanuelDec 30, 2021 · 3 years ago5 answers How does resistance affect the price of cryptocurrencies?
Resistance refers to a level at which the price of a cryptocurrency faces selling pressure, preventing it from rising further. How does resistance affect the price of cryptocurrencies? What factors contribute to the formation of resistance levels? How do traders and investors react to resistance levels? How can resistance levels be used in technical analysis to predict future price movements?