In continuation of the previous technical perspective, $AVAX is still in the correction stage which is yet to experience the confident buying force, as pointed out by contributors in the @Avalanche_CN ecosystem and #SocialMining watchers observing that the token has not been going down further than anticipated, but instead it is moving sideways indicating no one is convinced.
Recent information presents price trying to level off under the major support zone, which is generally viewed as the forerunner of coordinating. Further gradual recovery to the downside would be possible in case momentum does not come back soon. Nevertheless, history has shown that the continued accumulation phases have already been preceded by sharp recoveries in the past after the liquidity comes back.
This causes the existing arrangement a matter of interest not in a short-term speculation, but in a sentiment tracking. Research in SocialMining underlines that these pauses can be an indication of restructuring in the market structure - in which actors transition to strategic behavior. In case of a new appearance of buyers, the first targets that were revealed in previous studies are still relevant, which determines the subsequent possible recovery trajectory of AVAX.
In this respect, the present tranquility of $AVAX is not stagnation, but compression, in which patience is soon to be rewarded.
