The $AVAX price actions during the previous week started building upward momentum because of its verified support area. The area which previously had floor characteristics provides momentum for #AVAX 's bulls in short-term trading. During this period market participants chose to maintain a sideways movement because they needed time to adjust their expectations prior to potentially breaking through resistance.
Assets can move when market conditions stay favorable due to the foundation-establishing ability of the accumulation zone. The AVAX price shows signs of tightening motion while continuous higher price barriers serve as evidence that market players actively build their buying positions. AVAX shows signs of facing its upper resistance level before supply stress breakdown and creates positive conditions for the orange zone to become its next targeted area.
#SocialMining #AvalancheHub processes community-based data to determine accurately how the market changes. On-chain analyst data reveals minor market improvements and AVAX mentions continue growing within different social forums. Social Mining contributors react to essential network metrics before analyzing price adjustments since they avoid market hyped responses.
Investors need to focus on core factors because an upward price movement seems probable given current market dynamics. The @Avalanche_CN price depends on how much liquidity enters the market against the ongoing resistance zone above. Contributors who track both chart patterns together with community data maintain sentiment dashboards by providing real-time updates.
