$PAXG 🚀 PAXG is approaching a critical turning point. Could another uptrend be loading ‼️
After an explosive rally toward $5,600, PAXG corrected sharply and is now trading around $4,145. The interesting part? Price is testing the rising trendline that previously supported its upward movement.
Here’s what traders should watch:
🟢 Bullish scenario: If PAXG holds the $4,000–$4,100 support zone and buying pressure returns, a recovery toward $4,400 and $4,800 could follow. A stronger breakout may open the door toward $5,200.
🔴 Risk scenario: A breakdown below $4,000 could weaken the structure and trigger another decline.
The next move depends on how price reacts at this trendline.
Will PAXG bounce from support and restart its rally, or break down first? 👀
After an explosive rally toward $5,600, PAXG corrected sharply and is now trading around $4,145. The interesting part? Price is testing the rising trendline that previously supported its upward movement.
Here’s what traders should watch:
🟢 Bullish scenario: If PAXG holds the $4,000–$4,100 support zone and buying pressure returns, a recovery toward $4,400 and $4,800 could follow. A stronger breakout may open the door toward $5,200.
🔴 Risk scenario: A breakdown below $4,000 could weaken the structure and trigger another decline.
The next move depends on how price reacts at this trendline.
Will PAXG bounce from support and restart its rally, or break down first? 👀