📊 $PAXG at $3,971 — deep retrace into key fib levels after the blow‑off top

$PAXG has pulled back hard from the highs and is now sitting around $3,971, right in the middle of the major Fibonacci retracement zone. The chart is basically showing a classic post‑parabolic unwind: big run, sharp peak, heavy correction, and now price is trying to stabilize.

Key Levels

Fib Zone: 0.382 → 0.618 — price is sitting right inside this cluster

Current Price: $3,971

Major High: $5,650

Lower Level: $3,301 — the deeper support marked on the chart

What the Chart Is Telling Me

The entire move up has been retraced into the heart of the fibs, which is usually where you either see a proper bounce or a full breakdown.

Right now, PAXG is holding the zone, but there’s no confirmed reversal yet — just slowing momentum.

If buyers step in here, the chart has room for a recovery leg back toward the mid‑range levels.

If this zone gives out, the next meaningful support is down near $3,301.

This is one of those spots where the chart is doing exactly what it should after a massive run — cooling off and testing whether the trend has any strength left.

📌 My Take

PAXG is sitting in a key retracement area.

Hold this zone → potential recovery.

Lose it → deeper correction opens up.

For now, it’s all about how price behaves inside this fib cluster.

#PAXG #Macro Insights# #Altcoin Season# #Bullish