$PAXG saw a long liquidation near $4,922.33, indicating a downside sweep after an extended bullish phase that flushed weak long exposure. This move has pushed price back into a strong structural demand zone around $4,880–$4,920 where buyers historically defend aggressively. Holding above this region keeps recovery scenarios active with upside targets at $4,980 and $5,050 where liquidity remains stacked. Long liquidation events in PAXG often lead to consolidation followed by continuation once panic selling subsides. A failure to hold $4,880 would expose deeper downside toward $4,750 before stabilization. Bias remains cautiously bullish while above support. $PAXG

PAXGUSDT

Perp

4,983.01

-1.77%

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