$AVAX continues its upward move, with @avax contributors in @DAOLabs’ #SocialMining Hub monitoring its transition from accumulation to resistance testing. This nature of the structure brings out the major aspects behind the asset’s recent up or down trend.
Last week, prices went above support and have now turned toward higher resistance. Social Miners talk about the chance that people who did not support Bitcoin before could shift to holding it, which would increase the belief in its growth. Reliable technology is still the main topic in #DAOLabs .
Even so, changes in the market’s structure are influenced by outside developments. Switching views on the market may cause investors to revisit earlier areas where they supported. Members of the group assess retracement zones as chances to check and maintain the structure of a project.
The use of this approach helps establish the spirit of #SocialMining #AvalancheHub . Forecasting price is less important than trying to find consensus on the state of the market. For $AVAX , the situation at the moment implies being watchful, being mindful of changes in the market, and focusing on verified research data in the decentralized network.
