#RWAInc is still in the spotlight of the contributors of @DAO Labs #SocialMining who discuss it via #SocialMining because the asset is still trying to find out the most significant support areas. This cycle is an indication of a wider market re-adjustment that provides insightful information to individuals involved in the growth of #RWA sector.
The recent price action pullback has resulted in RWAINC being drawn back towards established support, showing the presence of bearish momentum in the currently macro conditions. Without a renewal of liquidity and sentiment this pressure can continue. But these retracements are not unusual within the bigger consolidation periods and they do lead to the set up of possible reversal patterns should structural strength reassert itself.
Traders are eyeing the 0.200 area as a possible area of inflection. A breakout above this level followed by a clean breakout above this level could signify the start of new up momentum especially when preceded by a higher volume of buyers. In the meantime, the systematic accumulation strategies in drawdowns are in line with the decentralized models of participation promoted by the Social Mining frameworks.
Rather than encouraging speculative choices, the Social Mining philosophy developed by DAO Labs focuses on well-informed interpretation of technical conditions and long-term development of user knowledge. Every motion in the chart of RWAINC adds to an ever-expanding catalog of real-time education and implementation of the developping RWA narrative.