Avalanche price has sunk into a correction after falling by 16% from its highest point this month. This plunge has coincided with the recent crypto market crash. Still, the AVAX price may be ripe for a bullish surge to $50 as transactions in the network soar.  The daily timeframe shows that the Avalanche price could be on the cusp of a strong bull run. It recently formed a double-bottom pattern at $15.84 and a neckline at $27. This pattern normally leads to a strong bullish breakout.