#PAXG has been watching $PAXG for several days recently. This gold Token has been hovering at a high level for quite some time, with the price range becoming narrower, while the volume has actually increased—this kind of trend often holds back a big move.

It can be seen from the technical chart that the support below is quite solid, and several moving averages are starting to tilt upwards. It feels like a new wave of market activity might be coming. More importantly, the broader environment: inflation hasn't settled down, the international situation is also unstable, and central banks around the world are still hoarding gold like crazy. These factors combined provide support for the price of physical gold itself, and PAXG, as on-chain gold, naturally benefits from this.
Once the risk aversion sentiment continues to ferment, PAXG is likely to break through the previous high points along with physical gold and enter an accelerated upward phase. If we extend the timeline to 2027, if the trend remains unchanged, the $7000 level is not impossible. At this position, it is worth paying attention to breakout signals, as the acceleration afterwards may be quite rapid.