PAXG Trades at $4,970 — Gold‑Backed Token Holding Strong
PAXG$PAXG is trading around $4,970, consolidating near recent highs. The chart highlights price sitting above support zones, with traders watching for continuation toward breakout levels.
Key Levels from the Chart 👇
Support $4,600: Blue demand zone where buyers may step in.
Resistance $4,982: Short‑term upside target if momentum builds.
Low $3,262: Long‑term floor if weakness resumes.
Market Structure 🔹
Price action shows a steady uptrend supported by a rising diagonal trendline.
Projection arrow suggests a bounce from $4,600 could trigger continuation toward $4,982.
Holding above $4,600 keeps the bullish bias intact.
📌 Outlook: PAXG$PAXG remains constructive — defending $4,600 sets up continuation toward $4,982, while failure risks deeper downside. @Fahad Tariq