PAX Technical Analysis: Breakdown Below $3,900 – Key Levels to Watch
$PAXG Update | 12 Nov | 20:00 PKT
1-Hour Timeframe:
Support: $3,855 - $3,866 (Today's Low / 7-Day Low). A breakdown below this level exposes $3,800.
Resistance: $3,911 - $3,927 (MA7 / SuperTrend), followed by $3,959 - $3,961.
Momentum: Bearish. RSI (6) at 11.09 indicates oversold conditions, while MACD remains in a death cross.
4-Hour Timeframe:
Support: $3,855 (Immediate Low) and $3,922 (Prior Range Floor).
Resistance: $3,944 - $3,957, then $4,000 - $4,040 (SuperTrend / MA25). Key swing high at $4,052.
Momentum: Continued weakness with elevated selling volume on the decline, highlighting the importance of the current support zone.
Outlook: Price action remains weak below $3,900. A confirmed reclaim above $3,900 with volume is needed to shift momentum. Until then, $3,855 remains the critical level to watch.
This is market analysis and not financial advice. DYOR.
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