PAXG – "Digital Gold" Is Testing Key Support Area ✨

The digital gold token PAX Gold (PAXG) is currently trading around $4,007, just a short distance from the important bottom area in the last 24 hours at $3,951 – a support level that holds both psychological significance and technical factors that buyers need to protect to maintain the medium-term uptrend.
🔍 Technical Analysis:
🛡️ Strong support: $3,951 ( 24h bottom )
This is an area that has witnessed strong buying pressure during the recent corrections. If PAXG holds above this level, the likelihood of forming a short-term bottom is very high.
⚡ Resistance near: $4,094 ( peak 24h)
This is the price range where sellers are actively operating. Breaking and closing the candle above this level will open up opportunities for a technical bounce.
🎯 Breakthrough target: $4,325+
If the price breaks out of the accumulation pattern and short-term resistance, the $4,325 area will be the next target — corresponding to an increase of more than 5% from the current level.
📊 Trend perspective:
PAXG is currently trading below the moving average MA(7), indicating that short-term pressure still exists. However, the price's tight accumulation around the support level suggests the potential for silent accumulation by long-term investors.
If the traditional gold market maintains a stable trend or increases slightly, PAXG may react more strongly due to its high liquidity and ability to directly reflect the price of physical gold.