Avalanche AVAX Rally Alert: 600K Active Addresses Signal Breakout to $9.3

As of February 12, 2026, Avalanche (AVAX) has reached a milestone with active addresses on its C-Chain exceeding 600,000, marking an all-time high for the network.

Crypto analyst CW attributes this surge to a combination of new DeFi project launches, viral adoption events, and a significant influx of new users. This spike represents the most dramatic growth in Avalanche’s history.

Historical data from 2021 through early 2026 illustrates periods of steady growth interspersed with stagnation and sudden spikes. Between 2021 and early 2022, active addresses were low and stable, reflecting modest adoption during the network’s early stages. 

Mid-2022 saw a clear increase, likely driven by heightened interest in DeFi applications and new projects on the Avalanche C-Chain. Activity fluctuated from late 2022 through 2024, reflecting broader crypto market conditions and temporary adoption events.

Source: X

AVAX Trading Volume Insights

As of February 12, 2026, according to CoinMarketCap data, Avalanche AVAX is currently trading at $8.81, up 2.29% over the past 24 hours, with a trading volume of $277.29 million, up 13.65%. Over the last seven days, the token averaged $8.82, down 6.83%.

Source: CoinMarketCap

Descending Trendline Holds Pressure

In X post, Crypto analyst GainMuse highlights that AVAX is breaking out of a tight consolidation on the 30-minute AVAX/USDT chart.

The broader trend remains bearish, defined by a descending trendline connecting successive lower highs. Within this downtrend, short-term patterns such as triangles and wedges suggest brief corrective upward moves, but overall momentum continues downward.

Currently, AVAX has bounced off a support zone between $8.5 and $8.7, forming a minor descending wedge. Analysts anticipate a potential upward move toward $9.0–$9.3, though this rally may be temporary if the broader descending trendline holds. Should AVAX fail to breach resistance, it could retrace toward $8.0 or lower.

Investors and traders are closely monitoring the network’s growth alongside technical signals to assess market sentiment. This article is for informational purposes only and is not financial advice. Crypto investments carry risk.

Source: X

Also Read | Avalanche Breaks Descending Trendline as AVAX Tests $8–$9 Support Zone