Within the last week $WAXP showed importance of technical support regions. After a pull back, the asset achieved sanity & took off in a measured recovery, buoyed by improving macro-sentiment. Price is now moving towards strong resistance and a break out above the highlighted orange area could be an indicator of stronger bullish extension. This upward trend has been as expected, and shows market structure is healthy.
During this process, the contributors in the #SocialMining #WAXHub have an important role to play in capturing real-time change. Their analysis, their charting updates, and their community discussions create a better informed network. This decentralized collaboration plays a stabilizing role in particular especially during volatile periods. Should the overall market hang, then the old supports are probably to be tested anew, presenting an opportunity to interact with $WAXP in a balance of analysis and action facilitated by the hub’s knowledge-sharing dynamic.