$PAXG /USDT – CONSOLIDATION PHASE HINTS AT A POTENTIAL BREAKOUT
$PAXG is trading at $2,652, down slightly by 0.19% in the past 24 hours. The price remains range-bound, fluctuating between a daily low of $2,643 and a high of $2,670. This sideways movement reflects market indecision as buyers and sellers battle for control.
Key Levels to Watch
Support: $2,643 is a critical level. A break below this could open the door to further declines, with the next support at $2,641.
Resistance: Repeated rejections near $2,670 suggest it as a key resistance level. A breakout above this could pave the way for a move toward $2,677 or higher.
What’s Next? Bulls or Bears?
On the 1-hour chart, $PAXG is under pressure, but the consolidation phase indicates that a decisive move is imminent. Traders should keep an eye on volume and price action around these critical levels.
A bullish breakout above $2,670 with rising momentum could signal the start of a fresh upward trend.
A bearish breakdown below $2,643 might push prices further downward, offering new shorting opportunities.
it is on the verge of a breakout—stay alert for a clear signal to capitalize on the next major move.