📈 Quick Analysis of PAXGUSDT (Daily Chart)
PAXGUSDT is in a strong upward trend and is in the consolidation phase after a major breakout.
⬆️ Resistance
The selling pressure zones to pay attention to:
1. 4,235.96 USDT: Current Price/24h Peak. Needs to surpass this high to maintain the upward momentum.
2. 5,106.25 USDT: Very Strong Resistance. This is the recent highest peak, the next target for price increase.
⬇️ Support
The buying pressure zones that may reactivate:
1. 4,160.09 USDT: Dynamic Support (MA 7). The most important short-term support.
2. 4,091.08 USDT: Major Support (MA 25). A strong support zone where buying pressure may intervene if the price adjusts.
3. 3,890.36 USDT: Dynamic Support (MA 99).
💡 Momentum Indicator
• MACD: 14.93 (Positive). Confirms that a strong upward trend is prevailing.
• RSI(6): 79.78 (Strong Overbought Zone). Warning that the price may stagnate or adjust to cool off before continuing to rise.
Summary of Strategy: PAXGUSDT is very strong. The level of 4,091.08 USDT (MA 25) is an important support to monitor in case of price adjustment. The next target is 5,106.25 USDT.
