$AVAX , the native token of @Avalanche_CN is currently making waves among analysts and those contributing to the @DAO Labs #SocialMining community because it has been trading above a critical support line. Recent cool-down in negative mood could provide the background to upward test of vital resistance levels.
Unstable actions followed by stagnation have suggested the occurrence of accumulation formations in the present structure. Purchasers may seem to be busy but inhibited, until their conclusions are attained on superior indicators in the market, particularly any news related to ETF growth that would trigger action.
In case of favorable news, then AVAX can surge with a significant force. Conversely, in case of continued uncertainty or bearish headlines the prices are likely to retest lower limits already maintained during previous sessions. It is a dangerous quest of a balance between optimism and caution.
To the participants of Social Mining, such quiet moments are priceless opportunities to add analysis, chart updates and educative posts to the #AvalancheHub . This is not so much about the price level, but about how to turn the insight into a shared resilience.
By remaining technical-sensitive when engaging in DAO Labs incentive systems, the contributor will be able to contribute to an expanded body of knowledge they can benefit the whole ecosystem, no matter where the price action might take place.
