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.
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BottomMisser
· 7h ago
Trading volume surging, this is the rhythm of takeoff. Quickly defend the 4491.7 line.
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HashBard
· 7h 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
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MEVEye
· 7h 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.
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CommunityWorker
· 7h 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.
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.