$PAXG /USDT is holding firm above 5,100 after tapping a 24h high near 5,122, with buyers defending dips toward the 5,000 psychological zone. The structure on lower timeframes shows higher lows, suggesting accumulation rather than exhaustion. As a tokenized gold asset issued by Paxos, PAXG often reacts to macro risk flows before altcoins do. If price sustains above 5,120, momentum continuation toward 5,180–5,200 is possible. A break below 4,995 would weaken short-term bias and open room for deeper retrace. For now, trend favors disciplined pullback entries over chasing green candles.