AVAX breaks the key pattern when $9 turns into the main supply zone.
The Avalanche (AVAX) token traded around $8.84 as selling pressure pushed prices lower. Bulls failed to recapture the $10 mark and fresh declines could push AVAX down to $6.30. The sentiment on crypto is mostly rough.
Avalanche (AVAX) is facing mounting resistance below the $9 mark, where persistent bear pressure has blocked recent recovery attempts.
The altcoin's bearish outlook is consistent with the broader cryptocurrency market's vulnerability, and after it recovers from resistance levels, technicals point to fresh losses.
Price increase
AVAX has traveled a tumultuous path over the past month, with a price drop that saw a significant increase to around $15 on January 14, 2026.
The decline, currently placing the token 39% off its 30-day high, came amid significant macroeconomic headwinds and sector-wide profit-gathering.
Avalanche C-Chain's recent network milestones, including input, have been dominated by bears.
According to Ava Labs' Martin Eckhardt, the chain could hit more than 4 million gas per second next week.
Avalanche C-Chain is adding more throughput per day. The goal is 3.5m per second by the end of today and 4m by the end of next week. If everything goes well, we will continue to push, because all new supplies will be used immediately pic.twitter.com/NvKSn8nqfA
— Martin Eckardt 🔺 (@martin_eckardt) February 12, 2026
In the year The decline below $8.30 on February 5, 2026, intensified the selling pressure, and bulls found it difficult to break higher.
Over the past 24 hours, the token has fluctuated between a low of $8.64 and a high of $8.96, with trading volume down 7% to 254 million.
Last week's show tells a similar story about stalling speed.
AVAX has seen two green days out of seven, with volatility below 1% as bears defend the $9 level as bears read high fear on the Crypto Fear and Greed index.
Price forecast: technical drawing
From a technical perspective, AVAX has broken below a key weekly bearish pattern, with $9 acting as a zone of immediate supply.
A further short-term bearish bias is from the weekly RSI at 30, where a move into oversold conditions suggests a dip ahead of another bounce in increasing volume.
A notable leg down will depend on key support levels at $8.50–$8.25, a zone reinforced by recent lows. If prices breach this resistance line, the underlying targets include the $7.50 and $.6.30 lows.
On the other hand, upside stimuli include a retracement of $9.38 and a retest of the short-term bearish forecast at $13.90 resistance.
If volatility resolves for the bulls, the weekly MACD will form a bullish cross, with the next target being a dynamic resistance signal that coincides with the 50-week moving average ($19.42 at the time of writing).
The 200-day moving average is offering resistance at $23.69.
Avalanche inverted momentum mirrors Bitcoin's struggle below $70,000. Crypto analysts note that the overall market sentiment is still largely weak, with predictions that BTC may reach $50k.
Downward momentum falls on altcoins.
