Is AVAX facing an 18% decline? Insights on short bets and whale activity

AVAX is currently showing bearish signals, trading within a descending pattern. Traders have placed $1.07 million in long and $4.15 million in short positions, highlighting the seller dominance.

Currently priced at 17.20 USD, AVAX faces a potential decline to 14 USD if bearish trends persist. Technical analyses reveal mixed signals, indicating both bearish pressure and signs of possible bullish momentum.

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