Market Overview for PAX Gold/Bitcoin (PAXGBTC)

Summary
• Price formed a bullish engulfing pattern near 0.05013 after a 2.5% drop.
• RSI reached oversold territory below 30, signaling potential short-term bounce.
• Volatility expanded as price moved outside Bollinger Bands for 3+ hours.
• Bollinger Band contraction was observed during early ET trading before a breakout.
• Volume surged at 0.0506, confirming a key resistance break.

PAX Gold/Bitcoin (PAXGBTC) opened at 0.05013 on 2026-01-12 12:00 ET, peaked at 0.05079, hit a low of 0.04931, and closed at 0.04999 on 2026-01-13 12:00 ET. Total volume reached 156.82 and turnover totaled 7.84.

Structure and Formations

A bullish engulfing pattern emerged near the key support level of 0.05013, as the price rebounded from a 2.5% intraday low. Price also tested a prior resistance level at 0.0506, which was decisively broken. A potential Fibonacci 61.8% retracement level at 0.05035 appears to have acted as a minor pivot.

Moving Averages and Momentum

The 50-period and 20-period moving averages on the 5-minute chart crossed, confirming a short-term bearish-to-bullish shift. RSI dipped into oversold territory (below 30), suggesting the price may find a near-term floor. MACD lines crossed neutral, with a slight bullish divergence forming in the final hours.

Volatility and Volume

Bollinger Bands experienced a noticeable contraction in the early hours, followed by an expansion as the price moved beyond the upper band. Volume surged near 0.0506, confirming the breakout. However, turnover failed to match the volume spike, hinting at potential exhaustion at higher levels.

Forward Outlook and Risk

The price could test the 0.0506 resistance again in the next 24 hours, with potential for a pullback if the 0.05035 level is breached. Investors should remain cautious as volatility may persist and volume divergence could indicate diverging price intentions.