Again, the $AVAX chart is being widely talked about by participants in #SocialMining who are part of @Avalanche_CN and @DAO Labs . Once it ran into roadblocks, AVAX is back testing support that many traders were keeping an eye on.
This means the company is building up its patient list by treating them when prices are low and market views remain stable. Support for #AVAX will be seen in the upcoming days; whether it can withstand and resume an advance or price will move lower depends on the general market conditions.
For anyone taking part in #SocialMining , this lets them create analysis that takes balanced observation into account. To avoid exaggerating a trend, contributors are requested to write about how technical developments are set up, the structure of recent changes and various scenarios.
The name of DAO Labs’ #AvalancheHub is deliberately spelled without ‘I’ because it is meant to encourage users to take part in a more thoughtful way. When people combine information with clear and neutral writing, they are valued by their audience and are trusted within Social Mining. Such clear and data-supported views play a big role in improving our collective knowledge, especially when the markets are less active like they are now.
