AITECH analysis by @AITECH contributors within @DAO Labs ' #SocialMining program suggests that the asset's recent dip into lower support zones reflects ongoing uncertainty in broader markets. The price has not confirmed a lasting turnaround but its structure is intact.
Last week’s close to the support band was unable to maintain which resulted in a fall to the next support level. Although the level dropped, people often take it as a signal to place positions, mainly if the candle shape supports it.
Climbing above the orange band would probably show that the trend is turning upwards again. According to Solidus Hub supporters, whether the next wave forms is partly determined by prices reaching and remaining at this area once the market settles.
#DAOLabs communities depend on Social Mining contributors to highlight these technical developments and report them quickly. The ongoing relationship between large-scale factors and small-scale support continues to play a major role in how the AITECH chart is performing.
