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>>Avalanche jumps 3% as the Altcoin Season Score remains at 33, signaling the start of a selective rotation.

Avalanche jumps 3% as the Altcoin Season Score remains at 33, signaling the start of a selective rotation.

crypthub

about 10 hours ago

Market Trends and Altcoin Season

Avalanche (AVAX) has risen 3% as the Altcoin Season Score remains stable at 33, signaling potential market rotation. Analysts are evaluating which altcoins may gain traction amid shifting investor preferences. The recent 3% increase suggests growing interest, though broader altcoin performance remains mixed. This phase could favor strategic investments in select assets showing momentum.

Price Analysis and Technical Indicators

AVAX trades between $8.56 and $9.87, reflecting a 2.2% weekly gain but a 25% monthly decline. Immediate resistance lies at $10, with $11 marking a higher barrier for potential 25% growth. Support is around $7.84, but a drop below could push prices toward $6.53. The RSI below 60 indicates room for upward movement, though breaking key resistance is needed for prior highs.

Investment Implications

The current volatility highlights opportunities for investors to focus on coins like AVAX showing upward momentum. While not all altcoins are performing equally, the 3% rise in AVAX signals positive activity. Monitoring resistance levels and market sentiment remains critical for assessing future performance. Investors should remain cautious amid ongoing price fluctuations.