$AVAX stays on the radar as @Avalanche_CN and @DAO Labs are continuing to build their collaborative ecosystem, where the prospective participants monitor essential technical trends and take part in the interpretation of the price dynamics. The recent model makes the asset in a position where it is strategically consolidating just above a well tested line of support.
The risk of an up-shift is being considered by market players as the balance of accumulation increases and the macro situation remains steady. Price should also maintain its existing zone in order to develop confidence in returning resistance levels. A break out beyond the orange area can lead to an increase in a bull pace.
#AvalancheHub members referred to as Social Miners are analyzing this point as the wider marketbeat. Instead of passive speculation, the contributors are looking at rotational strategies, which focuses on cost cutting and scaling strategies on returns to lower levels.
In the current market environment where volatility has predominantly played an important role, long term conviction has found an anchor in tactical participation. In the case of a veteran project such as $AVAX , what is provided by #SocialMining can be of use both to making better decisions, but also creating a more resilient and agile community.
