$PAXG
📊 Short-Term Price Action
1) Recent technical signals (based on market indicators) suggest a more sell bias in the short term meaning trading momentum looks weak right now
2) Price has moved in a narrow range recently partly because$PAXG closely follows the price of physical gold which isn’t always volatile
3) PAXG has grown as a digital way to own gold reaching a market cap above $2 billion showing increasing interest from both retail and institutional investors
4) Tokenized gold (including $PAXG ) trading activity and investor inflows rose when traditional crypto markets were flat meaning some traders shift to when they want a “Safer Haven.”
5) Why the Price Moves
doesn’t behave like most cryptos it mirrors the price of physical gold because each token is backed 1:1 by real gold so if gold goes up or down PAXG usually follows the same direction.