$AITECH , actively monitored through #AITECH ’s ecosystem and evaluated by @DAO Labs contributors as part of #SocialMining via the #SolidusHub , has exhibited technically significant behavior over the past week. After an impressive rejection by a resistance band, the asset moved back down to its lower support band-as it has before with liquidity sweep regions.
This set-back was not quite surprising. The behavior of prices has been in line with the sentiments of the markets, most especially when pressured by the negative macroeconomic events. This touch of such a support zone implies a possibility of liquidation combination formula. Through such interactions, institutional players of the past have got the opportunity to re-accumulate prior to a shift towards higher ranges. In case of leverage of market structure, pressure to reach the past resistance may rise new again. Nevertheless, in the case that the macro uncertainty proves to be persistent, a prolonged buildup period within the current range can be considered possible.
From a #SocialMining perspective, community engagement around $AITECH remains constructive. The contributors of solidus Hub will keep observing the dynamics on the chains and sentiment indicators that will be crucial concerning the future predictions. The members of the initiatives commenced by DAO Labs are advised to observe this area to see trends toward a change in narratives. All in all, short-term volatility is to be considered along with long-term ecosystem vitality and growth plans by @AITECH
