PAX Gold (PAXG) Down 0% Saturday: What's Next?

Saturday, July 30, 2022 04:13 PM | InvestorsObserver Analysts

PAX Gold (PAXG) has been relatively less volatile compared to the crypto market. So far Saturday, the crypto has declined 0.05% to $1761.93.

InvestorsObserver is giving PAX Gold a 3 Volatility Rank. Find out what this means to you and get the rest of the rankings on PAX Gold!

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Low Volatility

InvestorsObserver gives PAX Gold a low volatility rank of 3, placing it in the bottom 3% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. PAXG's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

PAX Gold price is in a favorable position going forward. With support set at $1749.98 and resistance near $1769.53. This positions PAX Gold with room to run before facing selling pressures.