The $WAXP token is growing stronger this week as @WAX returns to its initial position, benefitting from #DAOLabs ’ #SocialMining framework which helps contributors make the most out of every price change in the market. The token rose neatly from its support level, aiming at a resistance point above.
The recovery we are seeing matters a lot. Social Miners and technical observers at the #WAXHub can learn a lot from what is happening now. Once resistance breaks, the price might rise at a speed that is easy to see. When the overall market declines, you might want to ease up and pay closer attention to low points in prices.
By noticing similarities in these market-cycles, Social Mining volunteers learn important lessons. Combining structure, sentiment and technical limits allows us to develop better models for analyzing and reporting data. Anyone who helps clarify WAX price changes using visuals, threads or small reports, building interest in the community through DAO Labs, will be fairly rewarded.
As the market notices WAXP’s progress toward higher levels, it will watch how resistance is handled and check volume trends. Accurate writers are still a crucial aspect of Social Mining, especially when the market is full of volatility.
