$PAXG /USDT – Gold-Backed Crypto Holds Strong!
Momentum Analysis:
PAXG is consolidating near $2,963, reflecting gold’s price stability. A breakout above $3,000 could signal further upside, while support at $2,951 remains crucial.
📈 Long Setup:
Entry Zone: $2,955 - $2,970
Targets:
T1: $2,980
T2: $2,995
T3: $3,020
Stop Loss: $2,945
🔍 Breakout Confirmation & Key Support:
Breakout Level: $3,000
Key Support: $2,951
💡 Pro Tip for Traders:
Gold-backed tokens like PAXG often mirror spot gold prices. Watch for macroeconomic trends and Fed policy shifts, as they can influence momentum.