$PAXG – Quick Update
PAXG is slightly down, trading around $4,690–$4,870, showing some short-term selling pressure even though gold is steady. Momentum is bearish: MACD is negative, RSI is near oversold (26–32), and price is below key EMAs.
Potential dip targets if the downtrend continues:
$4,500–$4,550 → first support
$4,350–$4,400 → stronger support
Below $4,200 → extended break in extreme stress
Whale activity is mainly institutional flows and tokenized gold market trends, not on-chain buys/sells.
Bottom line: short-term bearish, medium/long-term structurally limited downside due to gold backing. Resistance to watch for a rebound: $4,900–$5,000 and above $5,000. ⚠️📈
PAXG
4,830.72
+3.16%