PAXG weakens below key moving averages as sellers defend major resistance zones. Elevated open interest signals traders still monitor PAXG despite fading momentum. Spot outflows and failed br
PAX Gold (PAXG) continued its downward correction as weakening momentum pressured the token below several key resistance levels. The gold-backed digital asset traded near $4,403 after slipping more than 2% during the past 24 hours. Additionally, weekly losses approached 3% as traders reduced exposure following an extended rally earlier this year.
The recent decline follows a rejection from the mid-$4,600 region, where sellers regained control after several failed breakout attempts. Consequently, the daily structure now reflects a series of lower highs and lower lows. This pattern often signals ongoing short-term weakness u…
Read The Full Article PAX Gold (PAXG) Price Prediction: Can Bulls Defend $4,400 Amid Rising Selling Pressure? On Coin Edition.
