Market Overview for PAX Gold/Bitcoin (PAXGBTC) on 2025-10-30

• PAXGBTC declined by 1.36% over 24 hours, opening at 0.03589 and closing at 0.03564.
• Volatility remained low, with a 24-hour range of 0.00026 and a volume of 151.15 units.
• A bearish momentum was evident, with RSI trending lower and price below 20-period MA.
• A divergence between price and volume was noted during the downward leg, signaling caution.
• A potential short-term support zone emerged near 0.03550, with Fibonacci levels aligning with recent behavior.

24-Hour Price Behavior

The PAX Gold/Bitcoin (PAXGBTC) pair opened at 0.03589 on 2025-10-29 at 12:00 ET and closed at 0.03564 on 2025-10-30 at 12:00 ET, posting a 24-hour low of 0.03527 and a high of 0.03671. Total volume traded over the 24-hour period was approximately 151.15 units, with notional turnover reaching 5.3863. The bearish drift was most visible between 19:15 and 21:00 ET, where price dipped from 0.03586 to 0.03527, supported by volume surges. Price may find near-term support at 0.03550 and resistance at 0.03600 in the coming session.

Structure & Key Levels

Price action over the past 24 hours revealed a series of bearish candlestick patterns, including a long-legged doji at 0.03550 and a dark cloud cover pattern at 0.03576. These formations suggest indecision and a potential reversal in the short term. A key support level appears to form at 0.03550, with the next major level at 0.03520, based on the 61.8% Fibonacci retracement of the recent 15-minute swing. Resistance could emerge at 0.03600 and 0.03636, particularly if buyers return to that area.

Momentum and Indicators

The 15-minute MACD crossed below the signal line, reflecting declining momentum, while the RSI dipped into oversold territory near 30 during the 0.03527 low. Bollinger Bands have tightened during the late hours of the session, suggesting a potential breakout or reversal. The 20-period MA was below the 50-period MA throughout the session, reinforcing bearish bias in the short term. Volatility, as measured by the width of the bands, has decreased, which could precede a sharp directional move.

Volume and Turnover Insights

Volume spiked during the bearish phase between 20:30 and 21:00 ET, with a total of 15.31 units traded in that period. However, price continued lower despite the volume increase, indicating a divergence that may signal a weakening bearish trend. Total notional turnover reached 5.3863, with the largest single-candle turnover of 8.18 units occurring during the 04:30 ET hour. This divergence suggests that while volume supported the move lower, the price may be overextended in the short term.

Backtest Hypothesis

The backtest strategy under consideration aimed to identify Doji Star patterns in the PAXGBTC time series to assess their predictive power in market reversals. Unfortunately, the attempt to source daily data for this asset returned an error, potentially due to an unsupported symbol format or lack of continuous historical records in the data provider's system. To proceed, it is critical to either confirm the correct ticker format (e.g., PAXG-BTC or PAXGUSDT) or provide a direct file of PAXGBTC price data. Once the data is accessible, Doji Stars can be identified and used to backtest a reversal strategy, which could then be cross-validated against the current technical structure and volatility profile observed in the 24-hour analysis.