$AVAX has entered a tactical consolidation phase that holds the attention of @DAO Labs #SocialMining analysts focused on @avax. Failing to hold support, the price action was drawn to lower areas; and that was mostly due to poor news flow, as opposed to project-related drivers.
The present chart structure can be characterized by short-term uncertainty. If the sentiment is steady, then $AVAX can repossess old support zones. Yet, further deepening of pessimism in the market would drag the asset further down to the lower levels. These are events in which knowledgeable Social Miners improve their research and offer their perceptive insights rather than hot reading material.
This is the relevant bit about this phase and Social Mining, since what drives price action and the stability of the ecosystem supporting the project contrast to each other. When there is a general market pullback, it is important to learn whether communities conserve or change gears. During the historical periods, Avalanche has continued to develop and its current community activity remains the integral component of a fair analysis.
Participants in #DAOLabs Social Mining model will be advised to keep their eyes on both technical areas as well as the work on the network. The two-level strategy will make sure that the coverage of $$AVAX orresponds not only to the market reality but also to the changing, on-chain success of the project. The market noise can be anticipated to persist, so accuracy in communication pays off.
