$PAXG Gold-Backed Crypto Eyes Breakout on Binance
Market Analysis:
$PAXG /USDT recently saw a strong push, tapping a 24H high of $3,128, before facing minor rejection near the top. Price currently hovers around $3,118, consolidating just below resistance. A clear bullish structure is forming on the 15m chart, with higher lows and an attempt to reclaim upper levels after a brief dip.
Prediction & Outlook:
If bulls hold the $3,116–$3,118 support zone, we could see another leg up toward $3,135–$3,140. However, failure to sustain above $3,115 could lead to a quick drop to $3,105–$3,100 support.
Key Levels to Watch:
Resistance: $3,128 (breakout level)
Support: $3,100
Breakout Zone: $3,130+ for bullish continuation
Breakdown Risk: Below $3,100 may invite selling pressure