Close Price
Close price in cryptocurrency refers to the final price at which a digital asset is traded at the end of a specific time frame—most commonly a daily trading session. This value is a key reference point for traders and analysts as it helps track market performance and predict future price trends.
Why Close Price Matters
Close prices are central to technical analysis, helping identify market patterns, support and resistance levels, and potential reversals. They are also essential in calculating key indicators like moving averages or candlestick patterns, which are used to guide trading decisions.
Used Across Timeframes
While the daily close price is widely followed, traders also monitor close prices over shorter intervals—like hourly or even minute-by-minute—for real-time strategies. The close helps compare price action across different periods and is considered more stable than intraday highs or lows.