AVAX is trading near critical $8.75 support as improving structure and rising volume hint at a potential recovery towards the $10 resistance level.AVAX is trading near critical $8.75 support as improving structure and rising volume hint at a potential recovery towards the $10 resistance level.

Avalanche (AVAX) Price Prediction: AVAX Holds Critical $8.75 Support as $10 Recovery Target Emerges

2026/02/23 03:02
4 min read

AVAX price is stabilizing near a key technical support zone after an extended market correction, with traders watching whether the current structure can trigger a broader recovery phase. According to Brave New Coin data, Avalanche is trading near $9.08, placing the asset close to a critical decision level that could define its next directional move.

While short-term price action reflects slowing selling pressure, market participants note improving structure, rising trading activity, and growing ecosystem confidence that could support a potential rebound.

AVAX Retests Support After Resistance Rejection

Recent price action shared by Sniper Trading shows Avalanche previously rallying into a resistance region before facing rejection, with price now moving back towards a key support zone around the $8.20–$8.75 region. This level is viewed as a critical demand area where buyers may attempt to regain control.

Avalanche retests the $8.20–$8.75 demand zone after rejection at resistance, with price structure signaling a critical support defense phase. Source: Sniper Trading via X

From a structural perspective, a successful defense of this support could allow AVAX to stage a recovery towards nearby resistance zones around $9.80–$10.50. However, failure to hold this range would weaken the short-term structure and expose price to deeper downside continuation.

The current setup reflects a typical retest phase following rejection, where market direction depends heavily on buyer response at support.

Analyst See Early Signs of Strength Building

Market commentary from Morgana suggests the AVAX Avalanche price may be quietly building strength following a prolonged correction phase. According to the analyst, price strength and a cup-and-handle structure indicate that market sentiment has largely reset, a condition often seen near potential reversal zones.

AVAX shows a cup-and-handle structure forming above key moving averages,. Source: Morgana via X

The bullish price structure shows AVAX consolidating above key moving averages while attempting to break out. If momentum continues to build, the price could challenge overhead resistance levels at $9.55 and gradually shift market sentiment towards recovery.

Channel Structure Keeps Recovery Towards $10 in Play

A separate analysis from Ali Charts highlights that Avalanche continues trading inside a rising channel structure, with the lower boundary acting as support near $8.75. As long as this level holds, the analyst suggests a rebound towards $10 remains possible.

AVAX trades within a rising channel, with $8.75 acting as key support and structure pointing toward a potential recovery toward $10. Source: Ali Charts via X

The projected structure shows price moving towards channel resistance near $9.65–$9.95, followed by a potential breakout attempt if buying momentum strengthens. A breakdown below channel support, however, would invalidate the bullish scenario and shift focus towards lower demand zones. This channel formation reinforces the importance of the $8.75 level as a key structural pivot for AVAX.

AVAX and Trading Volume

Coin Bureau notes that AVAX recently recorded a strong trading jump of 25.28% in 24 hours activity among large-cap cryptocurrencies. Rising trading volume often reflects renewed market interest and can support price stability during consolidation phases. While volume alone does not guarantee upside continuation, sustained participation typically strengthens liquidity conditions and supports recovery attempts when technical structure improves.

AVAX records a 25.28% surge in trading activity, reflecting rising market participation and strengthening liquidity during consolidation. Source: Coin Bureau via X

AVAX Price Structure: Key Levels in Focus

Avalanche’s current setup revolves around several critical technical zones:

  • Immediate support: $8.75 structural level (channel support)
  • Major demand zone: $8.20 region
  • Near-term resistance: $9.65–$9.95 channel resistance
  • Recovery target: $10 psychological level
  • Breakdown risk: Sustained move below $8.20

Holding support keeps recovery scenarios intact, while failure to defend demand could extend downside pressure.

Final Thoughts: Can Avalanche Regain Bullish Momentum?

Avalanche price is currently positioned at a key technical crossroads where structural support, improving market sentiment, and resistance pressure converge. The market appears to be transitioning from aggressive selling towards potential stabilization, but confirmation is still required.

Avalanche is trading near $9.08, down -0.89% over the last 24 hours. Source: Brave New Coin

If AVAX continues to hold above $8.75 and reclaims the $10 level, a broader recovery phase could develop. Failure to defend support would delay bullish momentum and increase downside risk. For now, Avalanche remains in a decision phase where price reaction at key levels will determine the next major trend.

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