Here is a technical snapshot for $PAXG
/USDT (
🟡 Market Overview
Last Price: $3,345.01
Mark Price: $3,345.01
24h Change: +1.47% 🔼
24h High / Low:
High: $3,362.56
Low: $3,294.87
24h Volume:
PAXG: 15,126.99
USDT: $50.47M
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📊 Moving Averages
MA(5): 976,260 (volume-weighted, strong short-term activity)
MA(10): 873,119
Trend: Bullish bias, but volume tapering off slightly.
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🔍 Price Structure
Level Significance
$3,362–3,368 Resistance (recent top)
$3,345 Current price & pivot
$3,294–3,280 Key support zone
$3,258–3,240 Secondary support (caution zone)
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📈 Trend Assessment
Short-Term Trend: 🔼 Bullish
Momentum: Steady, possibly near short-term top.
Resistance: Testing upper channel at $3,362. A break above may lead to $3,400+ zone.
Support Holding: Above $3,294 is crucial to maintain upward bias.
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✅ Potential Trade Scenarios
🟩 Breakout Long
Entry: Above $3,368
Target: $3,400 – $3,425
Stop: $3,335
🟥 Support Bounce
Entry: $3,295 – $3,300
Target: $3,340
Stop: Below $3,280
🟦 Reversal Short
Entry: Below $3,280
Target: $3,240 – $3,210
Stop: $3,305
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⚖️ Summary
Strong gold correlation: PAXG mirrors spot gold closely.
Volatility low, suitable for mid-cap hedging or stable long-hold positioning.
Market sentiment seems cautiously bullish unless broader macro/gold prices drop.
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Would you like me to overlay this with spot gold (XAU/USD) analysis or compare it to other gold-backed tokens?
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