Avalanche (AVAX) is running into stiff resistance just below $9, and recent recovery attempts have been repeatedly knocked back. The altcoin’s price outlook looks bearish in the short term, mirroring broader market fragility—even as Avalanche’s network continues to hit throughput milestones. Price action and recent drivers - After peaking near $15 on January 14, 2026, AVAX has trended lower and is now roughly 39% below its 30‑day high. The slide has been driven by macroeconomic headwinds and sector‑wide profit taking. - The token dipped below $8.30 on February 5, 2026, which intensified selling pressure. Over the past 24 hours AVAX traded between $8.64 and $8.96, with 24‑hour volume down about 7% to $254 million. - Volatility has been muted in the past week (under 1%) and AVAX posted just two green days out of seven, while the Crypto Fear & Greed Index remains in extreme fear—factors that point to defensive positioning among traders. Network progress vs. price - Onchain developments have not translated into price strength. Ava Labs’ Martin Eckardt tweeted on February 12 that Avalanche’s C‑Chain throughput is expanding quickly and could exceed 4 million gas per second by next week, with a short‑term goal of 3.5 million gas per second. “If everything goes smoothly we will keep pushing, since all the new supply is getting used immediately,” he wrote. Technical outlook - AVAX has broken below a weekly falling wedge, and the $9 area is acting as an immediate supply zone. The weekly RSI sits around 30, flirting with oversold territory—suggesting the token could dip further before any sustained rebound triggered by higher volume. - Near‑term support clusters are at $8.50–$8.25, anchored by recent lows. A break below that zone would open downside targets around $7.50 and $6.30. - On the upside, reclaiming $9.38 and clearing a short‑term resistance projection at $13.90 would be bullish signals. A weekly MACD bullish crossover would strengthen the case for a recovery, with dynamic resistance around the 50‑week moving average (~$19.42) and the 200‑day moving average near $23.69 as longer‑term hurdles. Macro correlation - Avalanche’s muted momentum is occurring alongside Bitcoin’s struggle below $70,000. Many analysts view market sentiment as predominantly bearish and warn that downside in BTC—some scenarios point to $50,000—would likely cascade across altcoins, including AVAX. Bottom line Network throughput is improving, but price action shows bulls are struggling to regain control around $9. A decisive move below $8.25 would likely extend losses toward the mid‑single digits, while a clean reclaim of $9.38 and positive weekly indicators would be needed to restore a clearer path higher. Traders should watch support at $8.50–$8.25, the $9–$9.38 supply zone, and broader BTC direction for cues. Read more AI-generated news on: undefined/news

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