Summary
• Price consolidates near 0.0498 with a bullish harami at 04:45 ET.
• Rising RSI and divergent volume suggest potential short-term momentum.
• Volatility expands after 14:15 ET as price pushes above the 20-period MA.
• Bollinger Bands widen with price near the upper band, indicating increased bullish pressure.
• Fibonacci 61.8% level at 0.04991 acts as a key short-term resistance.
Opening Summary
At 12:00 ET on 2026-01-10, PAX Gold/Bitcoin (PAXGBTC) opened at 0.04973, after a 24-hour session ranging from 0.04907 to 0.04994. The price closed at 0.04986, showing a modest rebound in the final hours. Total volume across the 24-hour period was 119.10, with notional turnover reaching 5.91.
Structure and Patterns
The 5-minute chart reveals a bullish harami pattern at 04:45 ET, suggesting a possible reversal in the short term. Price found support at 0.04975 and tested resistance levels around 0.04984–0.0499. The 20-period MA crossed above 0.04978, offering a potential support line. A key resistance appears at the 0.04991 level (Fibonacci 61.8% retracement of the 17:00–20:30 ET swing).
Technical Indicators
RSI shows a rising trend from 43 to 56, indicating improving momentum. MACD lines crossed into positive territory around 14:30 ET, aligning with price action. The Bollinger Bands widened significantly after 14:15 ET, with price lingering near the upper band, suggesting increasing volatility and potential continuation pressure.
Volume and Turnover
Volume spiked during the 14:15–15:15 ET period, with turnover increasing sharply during the 14:15–15:00 ET window, indicating heightened buying interest. Price and turnover aligned positively during these hours, reinforcing the bullish signal. A divergence appears during the 07:15–08:45 ET period, where volume declines while price consolidates, suggesting possible exhaustion.
Forward-Looking View
PAXGBTC appears poised to test the 0.04991–0.04994 resistance range in the coming 24 hours, provided volume remains supportive. A break above 0.04994 could signal a broader bullish shift, but traders should remain cautious of a potential pullback if RSI exceeds 65. Investors are advised to monitor volume for confirmation of any breakouts.
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