The trading activity of PAXG these days is quite interesting. The trading volume on the 30-minute candlestick chart has surged by 35%, and the current price hovers around 4611.08 USDT.
From a technical perspective, the key support level is at 4608.48, which is almost at the current price (only 0.06% difference on the 1H basis). There is also a relatively clear support zone between 4575.0 and 4612.5, which is quite stable.
Such a sudden increase in volume usually signals that something is coming. If you plan to go long, you might consider placing an order around 4608.48 and wait for this wave of market movement.
The key is whether the subsequent trading volume can be maintained; otherwise, it might just be a false alarm. But at this position, it's definitely worth paying attention—perhaps it's the night before the launch.
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0xTherapist
· 9h ago
The 35% surge in trading volume is a signal; be careful it might be a manipulation tactic by the market makers to shake out traders.
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RektRecorder
· 9h ago
Trading volume surges by 35%, and there's a high chance it's a false alarm. Such sudden volume spikes are often just to lure more buyers.
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ContractFreelancer
· 9h ago
A 35% surge in trading volume depends on what happens next; otherwise, it's just a trap to lure more traders.
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PrivateKeyParanoia
· 9h ago
Trading volume surges by 35%? We'll have to see if it can hold up in the coming days, otherwise it might just be another false alarm.
The trading activity of PAXG these days is quite interesting. The trading volume on the 30-minute candlestick chart has surged by 35%, and the current price hovers around 4611.08 USDT.
From a technical perspective, the key support level is at 4608.48, which is almost at the current price (only 0.06% difference on the 1H basis). There is also a relatively clear support zone between 4575.0 and 4612.5, which is quite stable.
Such a sudden increase in volume usually signals that something is coming. If you plan to go long, you might consider placing an order around 4608.48 and wait for this wave of market movement.
The key is whether the subsequent trading volume can be maintained; otherwise, it might just be a false alarm. But at this position, it's definitely worth paying attention—perhaps it's the night before the launch.