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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.