Market Overview for PAX Gold/Bitcoin (PAXGBTC) as of 2026-01-02

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 2, 2026 9:01 pm ET1min read
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- PAXGBTC tested key support at $0.04898 and resistance near $0.0495 before breaking lower.

- RSI shifted from overbought to oversold, while Bollinger Bands widened, signaling heightened volatility and uncertainty.

- Sharp afternoon decline to $0.04771 saw volume surge, confirming bearish momentum below critical support levels.

- 20/50-period moving averages crossed bearishly, aligning with Fibonacci 61.8% retracement at $0.04898.

- Market faces potential bounce at $0.0477 support but risks further declines amid strong bearish technical signals.

Summary
• Price action on PAXGBTC formed key support at $0.04898 and tested resistance near $0.0495.
• RSI indicated overbought conditions in the early hours but retreated into neutral territory.
• Volatility expanded significantly after 16:45 ET, with a sharp drop to $0.04771.
• Volume spiked during the late afternoon decline, confirming bearish momentum.
• Bollinger Bands widened during the major move, signaling increased uncertainty.

Market Overview


PAX Gold/Bitcoin (PAXGBTC) opened at $0.04941 on 2026-01-01 12:00 ET, reaching a high of $0.0495 and a low of $0.04771 before closing at $0.04803 as of 12:00 ET on 2026-01-02. Total volume traded over the 24-hour period was 173.414, with notional turnover of $8.61.

Structure & Formations


Price moved in a defined range between key support at $0.04898 and resistance near $0.0495 before breaking lower. A bearish engulfing pattern was seen at $0.0493–$0.04903, signaling a shift in sentiment. A doji formed near $0.04922, suggesting indecision. Fibonacci retracement levels of 61.8% aligned closely with the $0.04898 support level, reinforcing its significance.

Moving Averages


The 20-period and 50-period moving averages on the 5-minute chart crossed bearishly in the late afternoon, confirming the downward move. Daily moving averages (50/100/200) appear to be in a flat to slightly bearish configuration, though price did not test them during this session.

Momentum Indicators


RSI moved into overbought territory briefly in the early morning but dropped sharply, entering oversold levels by 16:45 ET. MACD turned negative midday and remained bearish, confirming the strength of the sell-off.

Bollinger Bands and Volatility


Bollinger Bands showed a moderate expansion during the price drop, with the move reaching as low as $0.04771—well below the lower band. This suggests increased volatility and heightened uncertainty in the market.

Volume and Turnover


Volume surged during the late afternoon decline, especially after 16:45 ET, when the price fell to $0.04771. Notional turnover spiked in tandem with the volume increase, confirming bearish momentum. No notable divergence was observed between price and volume during the session.

PAXGBTC may test the next support level around $0.0477, with potential for a bounce if buyers enter at that level. However, the large move down raises the risk of further bearish follow-through in the next 24 hours. Investors should monitor for signs of reversal or continuation in the coming sessions.