$PAXG is currently trading at 3400.41 USDT, showing a bullish market structure.
The price is nearing resistance at 3401 USDT, with solid support at 3387 USDT.
A breakout strategy could prove beneficial if it surpasses resistance, consolidating further upside potential.
However, traders should remain cautious of Bitcoin's volatility and any macroeconomic shifts that could impact gold-backed assets.
Maintaining a close watch on volume, currently at 222.1358, will be crucial for confirming movement.
