$AVAX trades near $12.02 (-1.7% daily), with a bearish MACD and price below key EMAs, indicating short-term selling pressure.

Whale Accumulation: Smart money whales are heavily buying dips, increasing long positions by 32%, despite being at an unrealized loss.

Technical Outlook: Bearish Pressure Prevails

Price Action: AVAX trades at $12.02, down 1.7% daily. It remains below the 7, 25, and 99-period EMAs, confirming a clear downtrend.

Key Indicators: The MACD is negative (-0.0527) and below its signal line, while the RSI (43.75) trends downward, both confirming bearish momentum.

Support & Flow: The price is testing support at the lower Bollinger Band ($11.89). Hourly net outflows of ~$336k, driven by large orders, suggest institutional selling pressure.#AVAX #USJobsData