$PAXG Consolidates Near Support: Bullish Rebound on the Horizon?
$PAXG is trading at $2,660 on the 15-minute timeframe, recovering slightly after testing a low of $2,652. The chart shows the price consolidating in a tight range between key support at $2,650 and resistance at $2,675. This zone is crucial for bulls to defend, as holding above support could pave the way for a steady rebound.
A potential entry for traders lies between $2,658 – $2,660, with short-term targets aligned closely for minimal risk. Look for profits at $2,668, $2,672, and a final push toward the resistance at $2,675. If PAXG fails to sustain above $2,650, a stop-loss at $2,645 is recommended to mitigate downside exposure.
With RSI at 63, indicating moderate bullish momentum, and MACD showing early signs of recovery, traders should monitor volume for a confirmed breakout. A decisive move above resistance could signal further upside, making this a key moment to watch PAXG’s price action.