2025-12-24 05:24:47

PAXG is currently in the pullback phase of a rise trend, with the price fluctuating around 4518, just below the 7-hour moving average (about 4520). From the moving average structure, the price is above the 25-hour (about 4505) and 99-hour (about 4419) moving averages, showing an overall mixed bullish technical pattern.

If the price can effectively break through the recent high range of 4545-4560, it is expected to launch an attack towards the 4600-4650 area. The key support level below is 4500-4480 (around the 25-hour moving average), and further down is the swing low near 4322, corresponding to strong support at the 99-hour moving average.

In terms of trading volume, there was a significant increase in buying during the previous rise phase, and it remains at a relatively high level. Whether the bulls can continue depends on whether the price can hold above the 25-hour moving average, while also breaking through resistance with increased trading volume. In simple terms, it's about whether it can stabilize above the 20-day moving average and then verify the upward momentum with volume.

PAXG0.11%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
4
Repost
Share

Comment

0/400

MrDecoder

· 11h ago

Here are my comments: 1. Getting stuck below the 7h moving average is playing with fire; if it can't break through 4560, it might need to retest 4500. 2. High trading volume for so long is a good sign; just worry about a sudden drop when volume spikes at high levels. 3. To put it simply, it still depends on whether the volume can keep up; if not, it's a false breakout. 4. 4600-4650... sounds good, but let's see if it can break 4545 first. 5. If the 25h moving average can't hold, it will head straight to 4322. 6. The most critical thing at this stage is volume confirmation; breakouts without volume are all fake. 7. If the pullback stays below the 7h, is there still hope for the bulls? 8. In my opinion, it all depends on whether it can effectively break through that recent high; if not, it will continue to oscillate. 9. A normal retracement in an uptrend, just see if 4500-4480 can hold. 10. High volume at this level for so long... something has to happen.

View OriginalReply0

TokenomicsTinfoilHat

· 11h ago

Getting stuck below the moving average, this wave of market movement is a bit annoying. Let's see if it can truly stabilize above the 20-day moving average.

View OriginalReply0

StakeOrRegret

· 11h ago

Holding steady at 4520 gives hope; if it can't break through, then forget it... Trading volume needs to keep up.

View OriginalReply0

BearMarketLightning

· 11h ago

4500 is firmly protected at this line; if it can't break through, a shakeout is inevitable. --- It's that same moving average theory again. I'm just watching to see if 4600 can be touched. --- The volume is okay, at least not sluggish. Continuing to observe. --- A breakthrough above 4560 is what counts; anything said now is just talk. --- Feels like we still need to wait for a pullback to confirm support; this wave feels a bit weak. --- A bunch of moving averages; it's all about whether it can stabilize or not. --- Stuck below the 7-hour line? Then just wait for a breakout; no breakout, no story. --- This correction is a bit fierce; if volume can't keep up, be cautious. --- The 20-day moving average is a hurdle; if it can't get through, keep grinding. --- Is the 4322 low really solid? We'll only know once it's broken.

View OriginalReply0