$PAXG PAXG/USDT – Support & Resistance Analysis
Current Price: $3,198
24H Change: -1.99%
Support & Resistance Levels:
Immediate Support: $3,188 (24h low)
Strong Support Zone: $3,096 (99-day MA)
Resistance 1: $3,283 (7-day MA)
Resistance 2: $3,316 (25-day MA)
Major Resistance: $3,523 (recent swing high)
Technical Overview:
Price is trading below both the 7-day and 25-day moving averages, showing short-term bearish pressure.
MACD histogram is negative and widening, suggesting momentum is favoring sellers.
Watch for a bounce at $3,096 — a close below may lead to further downside.
A reversal above $3,283–$3,316 could shift the trend back to bullish short-term.
Conclusion:
Caution advised. Key support at $3,096 must hold to prevent deeper correction. Traders should watch price action near this level for potential entries or exits.$PAXG
