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Bitcoin and select altcoins continue to consolidate near their recent highs, increasing the possibility of an upside breakout.

After the Avalanche (AVAX) price completes its correction, a significant upward movement is expected.

Key Points: A well-known cryptocurrency analyst and trader is pessimistic about Binance Coin (BNB) and one Ethereum (ETH) competitor in the short run. Starting with Binance Coin, Smart Contracter, a pseudonymous analyst, advises that the fifth-largest crypto asset by market value might fall by 12% from present levels.

A popular cryptocurrency analyst and trader is expressing near-term bearish sentiment for Binance Coin (BNB) and one Ethereum (ETH) competitor. Starting with Binance Coin, the pseudonymous analyst Smart Contracter tells his 219,100 Twitter followers that the fifth-largest crypto asset by market cap could plummet by about 12% from current levels.

Avalanche price analysis shows that the AVAX/USD pair is currently in a bullish trend, with prices rising steadily above $18.63. This indicates that buyers are in control of the market and are likely to push prices higher in the near future.

These cryptocurrencies each lost more than 80% last year.

According to information from DeFi Llama, protocols under the Avalanche [AVAX] ecosystem have contributed immensely to it in the last 30 days. At the time of writing, the AVAX Total Value Locked (TVL) was $890.3 million.

Avalanche price analysis shows price on the up once again with price movement over the past 24 hours providing a 4 percent increment. AVAX moved up to $18.22 after today's price action, after having moved down to $16.42 yesterday.

Bitcoin and the wider crypto market began to correct after the bullish momentum that drove last week's rally to year-to-date highs started to fizzle out.

Mark Yusko, CIO at Morgan Creek Capital, said that Avalanche (CRYPTO: AVAX) has the potential to outperform the entire crypto market, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). What Happened: Yusko, in a YouTube video, said AVAX could rally by 50 times in the next bull cycle, provided that Bitcoin and major coins remain successful.

Avalanche has been going up the chart ladder since the start of the year, following the broader crypto market rally as major cryptocurrencies break through crucial resistances. But right now, its native token AVAX seems to have found itself a new ceiling.

Avalanche's [AVAX] NFT ecosystem got good news on 23 January, which could help the network register growth in the field. Nakamoto Games, a metaverse ecosystem, recently announced that NAKAVERSE was poised to go multichain.

Morgan Creek Capital CIO Mark Yusko says Avalanche (AVAX) has the potential to go on a massive surge and outperform the rest of the crypto market in the next cycle.

Avalanche moved to a multi-month high on Jan. 24, after reports that the number of bitcoin on its network rose to 5,493. The news saw the token surge by nearly 5% today, rising for a third straight session in the process. Polygon also moved higher on Tuesday, hitting a one-week high.

Avalanche price analysis shows an uptrend as a green candlestick has appeared on the price chart today. Bulls have tried to make a comeback after the price function covered range downwards for the last few hours.

Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the Lightning Network holds 5,248 bitcoins.

Avalanche price analysis shows a strong price signal suggested by price movement over the past 24 hours. AVAX moved up to $18.19, increasing more than 4 percent before settling at current price level of $17.76.

The hackers that targeted Harmony network in a $100 million hack last year have bridged their ill-gotten gains from Bitcoin to Avalanche, Tron and Ethereum, according to on-chain analysis by blockchain sleuth MistTrack.

Avalanche [AVAX] became popular among whales once more. As per WhaleStats, a Twitter account that posts updates regarding whale activity, it was recently revealed that AVAX was among the top 10 cryptos in terms of trading volume among the top 500 BSC whales.

Avalanche price analysis is on the rise once again, with the price reaching over $18.37 in recent days. An uptrend has been following quite consistently and the price has been traveling in the upward direction quite steadily.

TL;DR Breakdown Avalanche price analysis suggests sideways movement before the upwards breakout $18.00 mark. The closest support level lies at $17.00 AVAX faces resistance at the $17.50 mark The Avalanche price analysis shows that the AVAX price action has fallen down to the $290.

Catch up on the latest crypto market news at The Currency Analytics. Emin Gun Sirer of Avalanche (AVAX) frequently expresses his views about stuff in the blockchain and cryptocurrency industry.

Avalanche price analysis shows a positive sight for bulls, as price jumped up to $17.60 over the past 24 hours, incurring an 8 percent rise. Since January 11, AVAX has shown a highly volatile price movement with a mixed set of red and green candlesticks on the daily chart.

Bitcoin and altcoins appear to have shaken off the Genesis bankruptcy news by bouncing off their immediate support levels and rallying higher.