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PAXG trading volume has surged dramatically in the last 30 minutes, with a rise of 87.4%. Such abnormal movement is usually not without reason. As of now, the price remains stable around 4607.36 USDT, with a key support level at 4608.48, just a negligible difference of only 0.09%.
From a technical perspective, the support zone falls between 4575.0 and 4612.5, forming a solid support level below. The sharp increase in trading volume often indicates rising market participation, which may signal that the upcoming trend is about to start.
If you are considering a long position, you might want to place an order near 4608.48 to try to catch the subsequent upward movement. Of course, closely monitoring the subsequent trend and whether the volume can be sustained is crucial.