Avalanche (AVAX) is currently trading at $9.13, on Saturday, February 21, 2026 a gain of 2.64% in the last 24 hours. The price is experiencing steady buying interest as the sentiment improves. AVAX has started to show initial signs of stability, and the focus is on the potential for a rise in the near term.
The trading volume has risen by 28.86% to $290.78 million. The market capitalization of the coin has increased by 2.61%, to $3.93 billion, according to CoinMarketCap.
Source: CoinMarketCap
AVAX Rally Hinges on $8.75 Support
A prominent analyst, Ali Martinez, highlighted that AVAX has to hold above the price level of $8.75 to keep the rally towards the price level of $10 in the near term. This level has to be held to keep the rally alive. Martinez emphasized that buyers must defend this level to prevent weakness from expanding.
Source: X
Additionally, another analyst, Clifton Fx, mentioned that AVAX has started to rise above the descending broadening wedge pattern, as seen on the 4-hour time frame. The price level of AVAX has the potential to rise significantly with the formation of a strong momentum candle.
Source: X
CoinLore data shows the price level of AVAX has to remain above the level of $8.69 to rise towards the level of $10.38. AVAX has to remain above $8.69 to rise towards the level of $12.24. The third resistance is at $14.64.
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EMAs and Bands Signal Weakness
From a technical perspective, the 20-day EMA is currently 9.53, and that of the 50-day EMA is 10.92. The price of AVAX is currently below these two indicators, showing that there has been pressure on the short-term trend.
The 100-day EMA is at 13.06, and the 200-day EMA is 16.27. These longer-term indicators highlight a broader downward structure. AVAX trades well below both EMAs, reinforcing the dominant bearish trend and showing strong overhead resistance.
The Bollinger Bands are currently compressing on the daily chart. The upper band is currently at 10.11, the middle band (20-day SMA) is 9.21, and the lower band sits at 8.32. The token is currently near the middle band.
Source: TradingView
Open Interest Drops as Liquidations Rise
According to CoinGlass data, the open interest has decreased by 0.46% to $396.23 million. The trading volume has increased by 25.93% to $604.01 million. The OI-Weighted Funding Rate currently stands at 0.0036%.
Source: CoinGlass
In the past 24 hours, the total liquidations stand at $256.58K. The long liquidations amount to $97.46K, while the short positions are at $159.12K.
Source: CoinGlass
Also Read: Avalanche Forms Elliott Wave Pattern With $33–$147 Targets Ahead