#RWAINC has been closely watched by the contributors of @DAO Labs in the #SocialMining community as it tries to reach its baseline of support in the overall uncertainty of the market. The newly formed price action displays the larger exposure to the macro events, and the asset has returned to lower levels because of gnawing geopolitical tensions.
The most important point that could be noted basing on last week trend is that a trend toward critical support occurred on RWAINC which indicates the lack of confidence among market participants. Unless, of course, this sentiment does not relieve itself in a broader context, in which case the asset has a chance to continue touching new all-time lows. This would not be so much a weakness indication on the fundamentals but rather the external volatility pulling down on the appetites of speculation.
The situation is however not one-sided. Provided that tension in the world would calm down, and the rest of the market would become more stable, the growth may resume in no time. Under such scenario, the existing accumulation areas might be used as a starting point of a new attempt to local highs.
Contributors in the #SocialMining #RWAHub are not only monitoring the price response but user interaction and network activity as more signs of resilience. Instead of being in pursuit of volatility, prudent actors are weighing in on cost-averaging to take place during declines.
This is more a time when price movements are to be interpreted within a much more holistic system level framework not where precise movements are predictable and more where Social Mining communities are best placed to do on a real time basis.