Avalanche (AVAX) shows signs of technical recovery amid broader market improvement for altcoins. On February 20, 2026, its trading volume increased 25% to approximately $248.9 million as the price approached a key descending resistance line. While daily charts indicate a bullish MACD crossover and heightened buying activity, the asset remains below its multi-year downtrend on weekly timeframes, requiring a decisive breakout to signal a potential trend reversal.
Avalanche (AVAX) is among the altcoins showing recovery signals after months of losses. On February 20, 2026, AVAX saw renewed activity as volume climbed 25 percent to $248.87 million, with the price trading around $9.25 and pushing into the descending trendline formed after an October 10 crash. Since that crash, this descending resistance has repeatedly rejected recovery attempts while $7.29 has acted as key structural support.
On the daily chart, AVAX formed a bullish MACD crossover as it approached the downtrend channel. The histogram turned slightly positive, signaling short‑term momentum shifting away from bearish control, while the RSI climbed toward 42 but remained below 50. “At press time, RSI climbed toward 42, recovering from recent lows but still below 50.”
Data from CryptoQuant shows Spot Taker Buy Dominance stayed elevated on Cumulative Volume Delta, reflecting aggressive market buying. Futures Taker Buy Dominance also remained elevated, showing participation across leveraged markets, but this buyer aggression had not yet translated into a structural breakout.
On the weekly chart, the multi-year downtrend continues to act as macro resistance, meaning AVAX has remained in a bear market since 2021. Weekly RSI remained near 31.78 and below its moving average, signaling weak momentum, while weekly MACD stayed below zero with a slightly negative histogram. A weekly close above the multi-year downtrend would be required to confirm a larger shift in trend.
