The altcoin market is showing signs of a strong recovery as several key tokens post double-digit gains, moving in sync with the broader crypto market. The overall altcoin market has already reached $750 billion, gaining 5% unjust few hours.
Bitcoin (BTC), Ethereum (ETH), and XRP are also climbing, fueled by renewed bullish momentum and Trump’s 90-day tariff pause. The synchronized rally reflects rising investor confidence and appetite for risk.
Piling into this rally, altcoin markets are experiencing a robust rebound as a number of major altcoins, such as Avalanche (AVAX), Chainlink (LINK), Solana (SOL), Hedera (HBAR), and TRON (TRX), record double-digit increases.
Avalanche (AVAX) has rebounded off crucial support at the $15 level, currently trading at $18.50 — more than 14% higher in the past 24 hours. The action occurs as AVAX builds higher lows, hinting at a reversal. A clean recapture of the $21 level might initiate the next strong upmove. AVAX has a current market capitalization of about $7.6 billion.
Chainlink (LINK) is building on the gains with good strength at $12.60, that’s a 15% increase in daily value and a market cap of around $7.4 billion. If the price keeps on rising, LINK will reach the $15–$16 band in the short term.
Solana (SOL) is at $119.06 after a steep 14% intraday surge. With immense buying pressure and a solid $40.5 billion market cap, SOL looks set to test the $125 resistance. A neat breakout there could pave the way for a retest of the $140 zone.
Hedera (HBAR) is up to $0.1712 from a 15% daily increase, having made a strong bounce from levels experienced earlier. The token has been resilient after a protracted consolidation and with a market cap of close to $6 billion, the next significant resistance lies at the $0.20 level.
TRON (TRX) keeps its gradual rise, currently at $0.2358 following a 2.22% increase in the past 24 hours. Supported by a strong $8.5 billion market cap, TRX may be positioning itself for a push towards the $0.25–$0.26 level if market strength continues.
These moves were likely sparked by macroeconomic news. On April 9, President Trump paused broad tariffs for 90 days, introducing a flat 10% base tariff instead.
Also Read: Crypto Bull Run is Back? BTC, ETH, XRP Prices are Going Up
