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PAX Gold (PAXG) Falls 0%, Outperforms the Crypto Market Monday

Monday, July 25, 2022 02:34 PM | InvestorsObserver Analysts
PAX Gold (PAXG) Falls 0%, Outperforms the Crypto Market Monday

PAX Gold (PAXG) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the crypto has lost 0.34% to $1720.56.

volatility - 3
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!

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 tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 trading near resistance. With support near $1715.72 and resistance set at $1721.68. This leaves PAX Gold with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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