PAXG's recent performance is quite interesting, with the 30-minute trading volume suddenly surging by 76.3%, which is usually not without reason. As of the time of writing, the price is hovering around 4609.49 USDT.
From a technical perspective, the short-term support level is around 4608.48 (only 0.03% away from the current price), and there is a relatively loose support zone between 4554.32 and 4612.5 below. The current position is actually quite close to these support levels.
In terms of trading strategy, many are placing long orders around 4608.48 to test the waters. An increase in trading volume often signals the start of a trend, and this signal is worth paying attention to. The key now is to see whether PAXG can hold steady at this support level. If it does, there may be a chance for a rally later on.
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.
8 Likes
Reward
8
4
Repost
Share
Comment
0/400
RetailTherapist
· 18h ago
Trading volume surges by 76%? That’s incredible, it feels like something big is happening.
View OriginalReply0
LiquidityHunter
· 18h ago
76.3% increase in transaction volume, this fluctuation is indeed significant, we need to keep a close watch.
View OriginalReply0
blockBoy
· 18h ago
76.3% increase, is it that fierce? We need to see if funds are testing the bottom.
View OriginalReply0
WhaleWatcher
· 18h ago
76.3% of the trading volume increase is no joke; it feels like the main force is testing the bottom.
---
The support level is only 0.03% away, which is a bit scary... gotta keep a close eye on it.
---
All long positions are hanging at 4608; either this wave stabilizes and takes off, or it's just a trap to lure in more 😅.
---
The increase in trading volume is a good sign, but what's going on with PAXG these days? Why so volatile?
---
The key is whether we can hold the support. Once it breaks 4554, it will be awkward.
---
Someone is really bottom-fishing here; quite brave.
---
This rally feels a bit off; we need to see if it can continue.
---
There are too many support levels; anyway, just watch 4608.
PAXG's recent performance is quite interesting, with the 30-minute trading volume suddenly surging by 76.3%, which is usually not without reason. As of the time of writing, the price is hovering around 4609.49 USDT.
From a technical perspective, the short-term support level is around 4608.48 (only 0.03% away from the current price), and there is a relatively loose support zone between 4554.32 and 4612.5 below. The current position is actually quite close to these support levels.
In terms of trading strategy, many are placing long orders around 4608.48 to test the waters. An increase in trading volume often signals the start of a trend, and this signal is worth paying attention to. The key now is to see whether PAXG can hold steady at this support level. If it does, there may be a chance for a rally later on.