$WAXP has managed to stay in its current structure, above the support points. This has been closely followed by @WAX contributors participating in @DAO Labs ’ #SocialMining , who continue to provide analysis rooted in collective insight, not market hype.
In the last few days, WAX grew strong support and rose higher afterward. Just as expected, this accumulation was a bit more than fundamental and continued from the prior scenario. The fast recovery of the equilibrium proves buyers are paying interest which shows they are happy with the prices.
This phase will probably determine whether the bull market will continue. If the wider market stays positive, the asset might move upward and reach its resistance levels. At the same time, when conditions are unfavorable, earlier locations of support might be reconsidered.
Documenting the activity in real time, #WAXHub contributors improve the #DAOLabs Social Mining process by connecting the technical and data-informed sides of community knowledge. They do so by giving regular, scientifically based observations that are not part of a sales pitch. They focus on guaranteeing stability rather than guesswork and give a joint interpretation of what goes on in the decentralized financial markets.
