The post AVAX Technical Analysis Feb 9 appeared on BitcoinEthereumNews.com.

AVAX is approaching the oversold region with RSI at 31.32, momentum is weakening; MACD’s negative histogram confirms the downtrend and positioning below EMA20 emphasizes short-term bearish pressure. Trend Status and Momentum Analysis AVAX is currently trading at the $9.06 level and showing a slight 0.55% decline over the last 24 hours. The daily range was between $8.72-$9.26, while volume is hovering around $191.56 million, indicating moderate participation compared to previous periods. The overall trend direction is downward; the price remains below EMA20 ($10.46) and the Supertrend indicator is also giving a bearish signal, with resistance at $11.35 standing out. From a momentum perspective, the indicators predominantly reflect selling pressure, but the RSI’s low level leaves the door open for a potential rebound. In this context, we can say that short-term momentum is weak while medium-term trend strength is eroding. Volume confirmation is still insufficient for a strong reversal; the increase in volume during declines reinforces the sellers’ dominance. RSI Indicator: Buy or Sell? RSI Divergence Analysis The 14-period RSI value is at 31.32, which is quite close to the oversold region (below 30). While the price fell to $8.72 in recent lows, the RSI is forming a higher low at this level, which can be interpreted as a bullish hidden divergence signal, the opposite of a regular bear divergence. A regular bull divergence is not yet clear because while the price is making new lows, the RSI is also hovering at similar lows; however, if a divergence forms in this proximity, upward momentum acceleration could follow. On the daily chart, RSI is stuck below the 50 level and showing consolidation between the 40-30 band; this indicates that selling momentum is slowing. The weekly RSI is around 45 and exhibiting a downward bias consistent with the overall trend, with the absence…

---

Filed under: News - @ February 9, 2026 11:19 pm