🚀 Analysis and forecast for $PAXG : should we take profit? 📈
As of May 20, 2025, 17:32 EEST, the price of $PAXG (Pax Gold) on Binance is $3295, with an increase of 1.5% in the last 24 hours. The trading volume reached $33.21M, and the market capitalization is around $767.47M, highlighting stable interest in this gold-backed asset. The growth is associated with the overall positive dynamics of the precious metals market.
Technically, $PAXG is moving in a sideways trend. On the 4-hour chart, the price trades above the 50-day moving average ($3220), which acts as support, but the RSI (14) at 55 indicates a neutral zone without overbought conditions. Key levels: support — $3250, resistance — $3350. A breakout above $3350 could raise the price to $3400, while a drop below $3250 would increase pressure to $3180.
Forecast: in the short term (until the end of May), PAXG may remain in the $3250–$3350 range, following the price of gold in the spot market. With an increase in demand for safe assets by July 2025, the price could reach $3500. The long-term target for 2026 is $3800, if global instability persists, maintaining interest in gold.
Is it time to take profit? A 1.5% increase at the current price of $3295 indicates moderate dynamics. If you entered a position below $3250, taking some profit is justified, especially as you approach $3350. Set a stop-loss at $3240 to protect against correction. For long-term investors, holding with a target of $3400–$3500 makes sense, but keep an eye on news about the gold market and the overall trend on Binance. The stability of PAXG makes it a reliable asset, but the current growth is not critical for mass profit-taking. #PAXG #Binance #CryptoAnalysis
