PAXG has recently experienced some interesting movements. On the 30-minute candlestick chart, trading volume surged by 103.6%, which usually indicates a significant increase in market participation.



The current price is oscillating around 4493.66 USDT. From a technical perspective, the key support at the 1-hour level is at 4491.7, only 0.08% away from the current price. The support zone ranges from 4423.34 to 4495.35.

A sharp increase in trading volume often signals the beginning of a trend. Paying attention to long opportunities near the support level can be quite interesting. If the price retraces to around 4491.7, consider positioning there.

The volatility space for this type of gold token is still quite good, especially when there is a noticeable change in trading volume. The subsequent trend is worth closely monitoring to see if an effective breakout will occur.
PAXG0.68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
BlockchainBardvip
· 4h ago
Trading volume surged by 103.6% and still hasn't picked up? That's not logical, brother.
View OriginalReply0
BottomMisservip
· 18h ago
Trading volume surging, this is the rhythm of takeoff. Quickly defend the 4491.7 line.
View OriginalReply0
HashBardvip
· 18h ago
volume spike's got that "something's brewing" energy... but ngl, these support levels feel like technical tea leaves at this point. everyone and their discord bot is watching 4491.7 rn 💀 gold tokens doing their thing i guess? the real question is whether this is actual accumulation or just another liquidity grab before the rug gets pulled sideways lol
Reply0
MEVEyevip
· 18h ago
I love the signal of a surge in trading volume the most. It usually means the main force is accumulating, waiting to trigger retail investors' stop-losses.
View OriginalReply0
CommunityWorkervip
· 18h ago
The phrase "volume surging" has been heard too many times. Every time, they say it will break through, but what happens? It just drags on there.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt