$PAXG /USDT is currently trading around 4,521, showing steady price behavior with a modest intraday increase and continued alignment with its long-term upward structure. The asset remains supported by strong historical performance, with consistent gains across the weekly, monthly, quarterly, and yearly timeframes, reflecting sustained demand for gold-backed digital assets. Price action is hovering slightly below the MA60 near 4,533, which is acting as a short-term resistance zone, while the recent bounce from the 24-hour low around 4,451 confirms the presence of buyers at lower levels. Trading volume remains healthy and stable, supporting the reliability of the current trend rather than indicating speculative volatility. The broader technical structure remains constructive, as higher lows are maintained on the higher timeframes, reinforcing trend strength. Immediate support is located near the 4,450 area, while a decisive move above the 4,540–4,550 resistance zone could open the path for further upside continuation. Failure to break above this resistance may result in short-term consolidation or a mild pullback without damaging the overall trend.
I suggests to select bullish for the higher timeframe trend due to strong multi-period performance and structural support, while bearish is selected for the short-term outlook as price is currently facing resistance near the moving average and may experience temporary consolidation before continuation.
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