🌋 Avalanche Gains 8.1% — Altcoin Rotation Signals Early Altseason
Avalanche ($AVAX ) is up 8.1% in the past 24 hours, leading a wave of altcoin momentum that has traders whispering: Altseason might be starting. With Bitcoin dominance dipping and capital rotating into high-beta assets, the signs are stacking up.
🔍 What’s happening?
AVAX hit $17.40, breaking above its 50-day moving average
Trading volume surged 15% on Binance, with whale wallets adding over $12M AVAX
Altcoin market cap rose 4.7% in 48 hours, now at $1.18T
Bitcoin dominance dropped to 53.2%, down from 55.1% last week
📈 Why it matters:
Altcoin Season Index from CoinMarketCap rose to 42/100, up from 28 last week — a bullish shift
Traders are rotating into DeFi, AI, and Layer 1 tokens like Solana, Avalanche, and Chainlink
AVAX is benefiting from renewed interest in subnet architecture and GameFi integrations
💬 Sentiment check:
Milk Road reports traders are “selling everything for altseason” — a meme that’s becoming reality. With ETH, SOL, and ADA also gaining, the rotation is broad and accelerating.
📊 Key levels to watch:
✅ Support: $15.80
🚀 Resistance: $18.50
🧭 Macro target: $22–$25 if altseason confirms
Is Avalanche leading the charge into altseason — or is this just another fakeout rally?
👇 Drop your thoughts and tag your favorite AVAX builder or altcoin analyst!