Avalanche has experienced a notable rise of 3%, coinciding with the Altcoin Season Score remaining steady at 33. This has led to speculation about the beginning of a selective rotation in the market. The focus now shifts to identifying which coins are showing potential for growth in this shifting landscape. Avalanche (AVAX) Eyes Potential Rebound Amid Volatility Source: tradingview Avalanche (AVAX) is currently trading between about $8.56 and $9.87. This marks a slight upward shift of around 2.2% over the past week. However, the past month's downturn, with a drop of almost 25%, suggests volatility. The coin faces its nearest resistance at $10, with further resistance at $11, hinting at a possible 25% climb from current levels. Support lies around $7.84, offering a cushion, but a dip below could push it toward $6.53. With an RSI below 60, there’s room for upward momentum. The recent price movements indicate potential growth, though reaching previous highs will require breaking current barriers. Keep watch on resistance levels to gauge future performance. Conclusion AVAX's recent 3% rise indicates positive interest and activity. The Altcoin Season score of 33 suggests a mixed market where selective investment strategies may be forming. Key coins such as AVAX are seeing growth, though not uniformly across all altcoins. This period may present opportunities for investors to focus on specific assets showing upward momentum. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
