$PAXG has seen a minor decline of 1.605% over the past 24 hours.
The price fluctuated between 3353.28 and 3293.62, showing tight trading within that range.
With the overall market trend downward, though, this range reflects weak momentum.
Bollinger Bands indicate resistance at 3350.6 and support at 3293.62, suggesting potential for further decline.
Current macroeconomic factors, like ongoing inflation concerns, might keep bearish sentiment alive.
Bitcoin's undefined influence may indicate that PAXG movements are currently independent.
Traders may consider a short-term approach, given the volatility and overall downward trend.
Key takeaway: PAXG's price action is vulnerable in the current market; caution is warranted.
