<p>經過幾個月的虧損，山寨幣開始顯現出復甦的跡象，其中包括 Avalanche [AVAX]。</p>
<p>在 2026 年 2 月 20 日，AVAX 的活動重新活躍，交易量上升 25% 至 2.4887 億美元。它的交易價格約為 9.25 美元，突破了 10 月 10 日崩盤後形成的下降趨勢線。那次劇烈的拋售標誌着長期下行的開始。</p>
<p>自那次崩盤以來，下降阻力線多次拒絕了每次的反彈嘗試。同時，7.29 美元作為關鍵的結構支撐，仍然是多頭無法承受失去的水平。</p>
<p>隨着價格再次逼近阻力，真正的問題是動能是否終於有力量突破它。</p>
<h2><strong>MACD 形成看漲交叉</strong></h2>
<p>在日線圖上，AVAX 在接近 10 月崩盤的下行通道時形成了看漲的 MACD 交叉。直方圖略微轉為正值，表明短期動能正在擺脱看跌控制。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/VAX-1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/VAX-1.png"/></p>
<p>來源：TradingView</p>
<p>截至發稿時，RSI 上升至 42，擺脱了近期低點，但仍低於 50。因此，動能有所改善，但尚未完全轉入看漲區域。AVAX 仍直接處於阻力下方，這限制了交叉的影響。</p>
<h2><strong>槓桿市場分析</strong></h2>
<p>根據 CryptoQuant 的數據，現貨買入主導地位在累積交易量 Delta 上保持高位，反映出市場的積極買入。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Avalanche-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Avalanche-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png"/></p>
<p>來源：CryptoQuant</p>
<p>此外，期貨買入主導地位也保持高位，顯示出在槓桿市場中的參與。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Avalanche-Futures-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Avalanche-Futures-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png"/></p>
<p>來源：CryptoQuant</p>
<p>這種組合表明市場需求活躍，而非被動出價。然而，儘管買入活動強勁，價格仍未能果斷收復下降阻力。</p>
<p>因此，買方的積極性尚未轉化為結構性變化。然而，數據暗示在價格行動下方正在形成積累。只有結構性突破才能驗證這種積累。</p>
<h2><strong>AVAX 能否突破多年的下行趨勢？</strong></h2>
<p>在周線圖上，多年的下行趨勢繼續作為宏觀阻力。自 2021 年以來的每次主要反彈都在這一天花板下停滯。這意味着 AVAX 自 2021 年以來一直處於熊市中。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/wee.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/wee.png"/></p>
<p>來源：TradingView</p>
<p>周 RSI 保持在 31.78 附近，低於其移動平均線，顯示出動能疲弱。周 MACD 保持在零下，直方圖略微為負。因此，儘管在較低時間框架上短期有所改善，但整體結構仍然看跌。</p>
<p>展望未來，需要在多年的下行趨勢上方實現周收盤，以確認趨勢的轉變。在那之前，Avalanche 仍處於更大的看跌框架內。</p>
<hr/>
<h2>最終總結</h2>
<ul>
<li><em>高位的買入主導地位和上升的交易量顯示出參與，而非確認。</em></li>
<li><em>周線收復宏觀阻力仍然是趨勢反轉的決定性要求。</em></li>
</ul>

COIN 周收益 ETF - Roundhill

COIN

RIOT

<p>Avalanche (AVAX) 的交易量激增 25%，達到 2.4887 億美元，試圖突破多年的下行趨勢。儘管出現了看漲的 MACD 交叉和市場買入增加，AVAX 仍然處於關鍵阻力位之下，價格約為 9.25 美元。周線圖顯示持續的看跌動能，需要在多年的下行趨勢上方收盤才能實現趨勢反轉。目前的指標表明有積累的跡象，但缺乏市場結構變化的確認</p>

<p>After months of losses, altcoins have begun showing signs of recovery, with Avalanche [AVAX] among them</p>
<div class="lb-trans"><p>經過幾個月的虧損，山寨幣開始顯現出復甦的跡象，其中包括 Avalanche [AVAX]。</p>
</div><p>On the 20th of February 2026, AVAX saw renewed activity as volume climbed 25 percent to $248.87 million. It traded around $9.25, pushing into the descending trendline formed after the October 10 crash. That violent selloff marked the start of a prolonged grind lower.</p>
<div class="lb-trans"><p>在 2026 年 2 月 20 日，AVAX 的活動重新活躍，交易量上升 25% 至 2.4887 億美元。它的交易價格約為 9.25 美元，突破了 10 月 10 日崩盤後形成的下降趨勢線。那次劇烈的拋售標誌着長期下行的開始。</p>
</div><p>Since that crash, the descending resistance repeatedly rejected every recovery attempt. Meanwhile, $7.29 acted as key structural support and remained the level bulls could not afford to lose.</p>
<div class="lb-trans"><p>自那次崩盤以來，下降阻力線多次拒絕了每次的反彈嘗試。同時，7.29 美元作為關鍵的結構支撐，仍然是多頭無法承受失去的水平。</p>
</div><p>With price pressing resistance again, the real question was whether momentum finally had the strength to break it.</p>
<div class="lb-trans"><p>隨着價格再次逼近阻力，真正的問題是動能是否終於有力量突破它。</p>
</div><h2><strong>MACD forms a bullish crossover</strong></h2>
<div class="lb-trans"><h2><strong>MACD 形成看漲交叉</strong></h2>
</div><p>On the daily chart, AVAX formed a bullish MACD crossover as it approached the downtrend channel from October’s crash. The histogram turned slightly positive, signaling short‑term momentum shifting away from bearish control.</p>
<div class="lb-trans"><p>在日線圖上，AVAX 在接近 10 月崩盤的下行通道時形成了看漲的 MACD 交叉。直方圖略微轉為正值，表明短期動能正在擺脱看跌控制。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/VAX-1.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/VAX-1.png"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>來源：TradingView</p>
</div><p>At press time, RSI climbed toward 42, recovering from recent lows but still below 50. Therefore, momentum improved, yet it had not fully transitioned into bullish territory. AVAX remained directly under resistance, which limited the impact of the crossover.</p>
<div class="lb-trans"><p>截至發稿時，RSI 上升至 42，擺脱了近期低點，但仍低於 50。因此，動能有所改善，但尚未完全轉入看漲區域。AVAX 仍直接處於阻力下方，這限制了交叉的影響。</p>
</div><h2><strong>Leverage market analysis</strong></h2>
<div class="lb-trans"><h2><strong>槓桿市場分析</strong></h2>
</div><p>Spot Taker Buy Dominance stayed elevated on Cumulative Volume Delta, according to CryptoQuant, reflecting aggressive market buying.</p>
<div class="lb-trans"><p>根據 CryptoQuant 的數據，現貨買入主導地位在累積交易量 Delta 上保持高位，反映出市場的積極買入。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Avalanche-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Avalanche-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><p>Moreover, Futures Taker Buy Dominance also remained elevated, showing participation across leveraged markets.</p>
<div class="lb-trans"><p>此外，期貨買入主導地位也保持高位，顯示出在槓桿市場中的參與。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Avalanche-Futures-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Avalanche-Futures-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><p>This combination suggested active demand rather than passive bidding. However, despite strong taker activity, the price failed to decisively reclaim the descending resistance.</p>
<div class="lb-trans"><p>這種組合表明市場需求活躍，而非被動出價。然而，儘管買入活動強勁，價格仍未能果斷收復下降阻力。</p>
</div><p>As a result, buyer aggression had not yet translated into structural change. However, the data implied accumulation was developing beneath price action. Only a structural breakout could validate that buildup.</p>
<div class="lb-trans"><p>因此，買方的積極性尚未轉化為結構性變化。然而，數據暗示在價格行動下方正在形成積累。只有結構性突破才能驗證這種積累。</p>
</div><h2><strong>Will AVAX break its the multi-year downtrend?</strong></h2>
<div class="lb-trans"><h2><strong>AVAX 能否突破多年的下行趨勢？</strong></h2>
</div><p>On the weekly chart, the multi-year downtrend continued to act as macro resistance. Every major rally since 2021 had stalled beneath this ceiling. This meant AVAX had remained in a bear market since 2021.</p>
<div class="lb-trans"><p>在周線圖上，多年的下行趨勢繼續作為宏觀阻力。自 2021 年以來的每次主要反彈都在這一天花板下停滯。這意味着 AVAX 自 2021 年以來一直處於熊市中。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/wee.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/wee.png"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>來源：TradingView</p>
</div><p>Weekly RSI remained near 31.78 and below its moving average, signaling weak momentum. Weekly MACD stayed below zero with a slightly negative histogram. Therefore, the broader structure remained bearish despite short-term improvement on lower timeframes.</p>
<div class="lb-trans"><p>周 RSI 保持在 31.78 附近，低於其移動平均線，顯示出動能疲弱。周 MACD 保持在零下，直方圖略微為負。因此，儘管在較低時間框架上短期有所改善，但整體結構仍然看跌。</p>
</div><p>Looking ahead, a weekly close above the multi-year downtrend would be required to confirm a shift. Until that happened, Avalanche remained within a larger bearish framework.</p>
<div class="lb-trans"><p>展望未來，需要在多年的下行趨勢上方實現周收盤，以確認趨勢的轉變。在那之前，Avalanche 仍處於更大的看跌框架內。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final Summary</h2>
<div class="lb-trans"><h2>最終總結</h2>
</div><ul>
<li><em>Elevated taker dominance and rising volume showed participation, not confirmation.</em></li>
<li><em>A weekly reclaim of macro resistance remained the defining requirement for trend reversal.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>高位的買入主導地位和上升的交易量顯示出參與，而非確認。</em></li>
<li><em>周線收復宏觀阻力仍然是趨勢反轉的決定性要求。</em></li>
</ul>
</div>

Avalanche: Can AVAX’s 25% volume surge break its multi-year downtrend?

- 在經歷數月虧損後，Avalanche [AVAX] 顯示覆蘇跡象，2 月 20 日交易量增長 25%。  
- 儘管短期動能改善，AVAX 仍處於多年的下行趨勢中，尚未突破重要阻力。  
- 持續的購買活動顯示市場需求，但需要突破才能確認趨勢反轉。

雪崩：AVAX 的 25% 交易量激增能否打破其多年的下行趨勢？