Avalanche (AVAX) shows tentative stability as analysts watch for potential recovery signals. The token traded at $9.13 on February 21, 2026, marking a 24-hour gain of 2.64% with market capitalization rising to $3.93 billion. Analysts emphasize that holding the $8.75 support level is crucial for any rally toward $10, while technical indicators reveal a compressed trading range and mixed derivatives activity.
Avalanche (AVAX) traded at $9.13 on Saturday, February 21, 2026, representing a 24-hour gain of 2.64%. Trading volume increased by 28.86% to $290.78 million while its market capitalization rose 2.61% to $3.93 billion according to CoinMarketCap.
Analyst Ali Martinez highlighted that AVAX must hold above $8.75 to keep a rally toward $10 alive. “This level has to be held to keep the rally alive,” Martinez emphasized regarding buyer defense at that support.
Another analyst, Clifton Fx, mentioned AVAX has started to rise above a descending broadening wedge pattern on the 4-hour chart. Data from CoinLore shows the token needs to remain above $8.69 to potentially target $10.38 and higher resistance levels.
Technically, AVAX trades below its key daily moving averages, indicating short-term pressure within a broader bearish trend. The Bollinger Bands are compressing, with the price near the middle band at $9.21, indicating tight volatility.
In derivatives markets, open interest decreased 0.46% to $396.23 million while trading volume rose 25.93% according to CoinGlass data. Total liquidations over 24 hours were $256.58K, with shorts accounting for $159.12K and longs for $97.46K.
