AVAX Sees Explosive Volume Spike — Breakout Incoming? - Crypto Economy

TL;DR:

• AVAX trading volume surged 25%, reaching $248.87 million in the last 24 hours.
• Technical indicators show a bullish MACD crossover, suggesting a shift in short-term momentum.
• Despite the rally, the price must break a macro resistance that has kept AVAX in a bear market since 2021.

As the week draws to a close, the altcoin segment is showing flashes of optimism, and Avalanche is no exception. This Friday, February 20, AVAX volume captured the market’s attention, recording a 25% increase and reaching $248.87 million.

The token is currently trading near $9.25, pressing against a descending trendline that originated after the October 2025 crash. Consequently, investors are closely watching to see if this surge in activity will be enough to invalidate months of structural stagnation.


Technical Analysis and Pressure in Derivatives Markets

Technically speaking, the daily chart shows a bullish MACD crossover, revealing that the bears’ control is beginning to wane. However, the RSI remains at 42, meaning that while momentum has improved, the asset has not yet entered bullish territory.

Regarding leverage markets, CryptoQuant data shows high buyer dominance in both spot and futures markets. This aggressiveness from “takers” implies active accumulation below the current price, awaiting structural validation.

Finally, to achieve a definitive trend reversal, AVAX needs a weekly close above its multi-year macro resistance. In the meantime, the $7.29 support remains the last line of defense for the bulls before considering a continuation of the long-term bearish trend.