Avalanche Price Analysis Signals $40 Rally As Buyers Break 60-Day Correction

The cryptocurrency market displayed a sluggish trend over the weekend, with most cryptocurrencies attempting to stabilize following the weekday rally. Bitcoin’s price saw a modest increase of 0.4%, while AVAX surged by 8%, reaching a five-week high of $31.6. The Avalanche price analysis indicated a significant rally, marking a breakout from a falling wedge pattern that represented a two-month correction.