The price of Avalanche (AVAX) has seen intense selling pressure in the past two months, but recent signs of recovery indicate a potential shift in sentiment. Analysts are monitoring AVAX closely for a potential breakout, as it has formed a bullish falling wedge pattern on the daily timeframe. If AVAX breaks out, the target is set at $56, a 64% rally from current levels. However, the broader bearish trend in the market remains a concern. AVAX needs to overcome key resistance levels and hold support to confirm a trend reversal. Failure to do so could result in further downside pressure. The coming days will be crucial for AVAX's trajectory.



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