Actual prices for RWA confirm that the asset is staying in a vital accumulation area, as explained by @rwa_inc and analyzed by #DAOLabs , as well as the #SocialMining initiative. The fact that the price is consistent in a set range means investors aren’t panicking and the market isn’t booming with speculation. The accumulation phase keeps going, helpfully creating a sturdy foundation for following movements.
Should the structure of the market break down, it could leave the price vulnerable to declining again to important support levels. As long as the structure is in place, the chances are still high that the market will head upward to retest key resistance areas identified from previous cycles. Such zones are significant technologically as well as because they mark the point where participants check their assumptions about the market.
Using Social Mining services at the #RWAHub , I am able to track these technical scenarios and put them in context with other research happening all over the world. Those who contribute are urged to analyze the way prices change over time, as well as catch any small trends, not depending on ads. As the case of $RWA shows, using this approach allows for every accumulation step to be detailed and meaningful which assures the archive is clear and open. Because the energy sector is growing and undergoing many changes, independent, miner-based understanding of assets is vital for understanding how reliable they are.
