The recent trading volume activity of PAXG has been quite noteworthy. The 30-minute candlestick shows a sharp increase of 32.3% in trading volume, and such a sudden surge in momentum is often not without reason—usually indicating that big funds are quietly accumulating or that a market move is about to start.
The spot price is at 4563.18 USDT, just 0.21% away from the key support level at 4555.76, already very close. Looking further down, the entire support zone ranges from 4463.35 to 4555.76, indicating that the accumulation of positions in this area is quite significant.
From a trading perspective, this current position is indeed worth paying attention to. You can place buy orders around 4555.76; if the volume continues to stay high, the probability of a breakout above the resistance will significantly increase. An increase in trading volume often signals an upcoming market move. Based on PAXG's recent performance, there could be good opportunities ahead. Just keep a close watch on the next few candlesticks.
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NFTregretter
· 9h ago
Hmm... The trading volume this time is indeed unusual, but the 4555 level feels like it's been hyped up many times already.
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StakeOrRegret
· 9h ago
Sudden surge in trading volume can indeed make people overthink... However, I remain a bit cautious, as PAXG can be quite volatile when it moves.
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NFTragedy
· 9h ago
The trading volume is so strong, it's definitely brewing something... I'll stay hidden and watch for now.
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ZkProofPudding
· 9h ago
With such a strong increase in volume, be cautious. It seems that the big players are indeed making moves.
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AirdropHunterWang
· 9h ago
The recent surge in trading volume is quite interesting, with a 32.3% increase which is indeed significant. But to be honest, I've heard the strategy of going long near the support level too many times, and quite a few times it ended up being broken through... Ultimately, it depends on whether it can hold steady afterward.
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Web3Educator
· 9h ago
ngl the volume spike here is giving major "smart money accumulation" vibes—as i always tell my students, volume precedes price movement. textbook case study right here
The recent trading volume activity of PAXG has been quite noteworthy. The 30-minute candlestick shows a sharp increase of 32.3% in trading volume, and such a sudden surge in momentum is often not without reason—usually indicating that big funds are quietly accumulating or that a market move is about to start.
The spot price is at 4563.18 USDT, just 0.21% away from the key support level at 4555.76, already very close. Looking further down, the entire support zone ranges from 4463.35 to 4555.76, indicating that the accumulation of positions in this area is quite significant.
From a trading perspective, this current position is indeed worth paying attention to. You can place buy orders around 4555.76; if the volume continues to stay high, the probability of a breakout above the resistance will significantly increase. An increase in trading volume often signals an upcoming market move. Based on PAXG's recent performance, there could be good opportunities ahead. Just keep a close watch on the next few candlesticks.