PAXG, a stablecoin-backed token, declined 0.86% in 24 hours to $2,648.
Key Metrics:
- 24h High: $2,676
- 24h Low: $2,643
- MA(7): $2,689
- MA(25): $2,732
- 24h Vol: 1,854.65 PAXG, 4.93M USDT
Technical Analysis:
PAXG's price holds steady near $2,650, indicating stability.
Market Sentiment:
Morpho's oracle config issue impacts market sentiment, despite PAXG's resilience.
Support Levels: $2,643, $2,611
Resistance Levels: $2,676, $2,795
Notable Developments:
- PAXG's stablecoin backing
- Morpho's oracle config issue
- Market fluctuations
#PAXG #AltCoinSeason #EthereumRally #BTCBreaks80KATH #BIOProtocol
Additional Insights:
- Low trading volume indicates stable market interest
- PAXG's potential for consolidation
Stay updated on PAXG's performance.
Trading Recommendations:
- Buy: $2,643-$2,648
- Target: $2,676-$2,795
- Stop-loss: $2,611
Disclaimer: This is not investment advice. Trade responsibly.
PAXG's Chart Patterns:
- Sideways trend
- RSI (14) at 44.53, indicating neutral momentum
- MACD (12, 26) crossover suggests bearish signal
Long-term outlook: PAXG's stability may attract investors. Monitor $3,000 resistance.
Risk management: Set stop-loss at $2,611.
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