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PAX Gold (PAXG) Falls 0%, Underperforms the Crypto Market Friday

Friday, June 24, 2022 07:06 PM | InvestorsObserver Analysts
PAX Gold (PAXG) Falls 0%, Underperforms the Crypto Market Friday

PAX Gold (PAXG) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the crypto has lost 0.05% to $1826.79.

volatility - 2
InvestorsObserver is giving PAX Gold a 2 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 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. PAXG's low volatility reading is paired 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 good position going forward. With support set at $1820.08 and resistance set at $1837.88. This positions PAX Gold with room to run before facing selling pressures.

What is a Token?

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

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