$PAXG ๐ PAXG/USDT Support & Resistance โ Whatโs Next? ๐ก
The price of $PAXG (Gold-backed crypto) is showing strength, currently trading at $3,429.14, up +1.09% on the day. Here's a quick breakdown of the key support and resistance levels and what to watch next:
๐น Resistance Zone:
PAXG is testing a major resistance near $3,438 โ $3,450. A breakout above this level could open the doors toward the $3,527 mark, and if bullish momentum continues, even a retest of the $3,600 top.
๐น Support Levels:
Immediate support lies near $3,355 (EMA-25) and stronger support is at $3,292 (EMA-99). Below that, $3,265 acts as a crucial floor.
๐ Indicators Flashing Momentum:
MACD is bullish, showing growing positive divergence.
Volume has picked up, signaling trader interest.
EMA crossover shows bullish structure with short-term EMA(7) above EMA(25).
๐จ Whatโs Next?
If PAXG closes above the resistance level with solid volume, it could spark a breakout rally. But rejection at this level may lead to a healthy pullback toward the $3,355 zone.
๐ฌ Stay alert and manage your risk โ Gold-backed crypto can be volatile too!$PAXG
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