$BTC PAXG – the currency that reflects the price of gold – at 3382.00 currently shows a strong upward movement influenced by the rise of gold globally. On the resistance side, the price is approaching an important psychological barrier at 3400.00, which is a level that, if broken with a strong daily close, we may see an upward extension towards 3450 and possibly 3500. The initial support is at 3320.00, followed by stronger support at 3265.00, which was the launch pad for the recent upward wave.

Technical analysis indicates an overbought condition on some indicators like RSI, increasing the likelihood of a temporary downward correction. If the price fails to break the 3400 resistance, it may pull back to test the support at 3320 or even 3265 before attempting to rise again. However, if the price stabilizes above 3380 and the buying momentum continues, the upward movement may gradually persist.

In summary: the overall trend remains bullish as long as the price is above 3320, but we are approaching an important resistance area, making a short-term downward correction likely before resuming positive movement. It is advisable to closely monitor the global gold movement as a key indicator for PAXG movements.