PAXG +18.5% in 24 Hours Amid Sharp Bullish Momentum

On SEP 8 2025, PAXG rose by 18.5% within 24 hours to reach $0.03233, PAXG rose by 165.83% within 7 days, rose by 162.65% within 1 month, and rose by 1529.45% within 1 year.

The asset has exhibited a strong upward trend across multiple timeframes, with gains accelerating notably in recent weeks. PAXG has maintained a sustained rally, breaking through key resistance levels and showing signs of entrenched bullish sentiment. The 24-hour increase of 18.5% marks a significant move, particularly when viewed against its broader uptrend, which has seen the price climb by nearly 1,600% in the past month alone.

=text2img>

Technical indicators highlight the continuation of a robust trend. The asset has remained above both its 50-period and 200-period moving averages, signaling a strong near-term and intermediate-term bullish bias. RSI and MACD metrics confirm increasing momentum, with no immediate signs of overbought conditions. The absence of bearish divergences and the persistent closure of price above key trendlines indicate that the bullish phase remains intact.

=text2visual>

The sustained strength of PAXG has attracted attention from traders and institutional participants alike. The consistent outperformance against broader market benchmarks suggests a shift in market positioning, with capital increasingly flowing into PAXG as a favored exposure. This pattern is further reinforced by the consistent price action and the lack of meaningful retracement within the rally. Analysts project that the asset may continue to consolidate gains as long as it remains above critical technical levels.

Backtest Hypothesis

A backtesting strategy is proposed to evaluate the historical effectiveness of a trend-following approach for PAXG. The strategy employs a combination of moving average crossovers and momentum-based entries, with a focus on capturing the sustained bullish trend evident in recent performance. The core mechanism involves a long entry when the 50-period moving average crosses above the 200-period moving average, combined with a confirmation signal from the MACD histogram showing positive divergence. Exit signals are triggered upon a close below the 50-period moving average or when the RSI enters overbought territory and fails to maintain above 70.

This approach aims to align with the asset’s recent behavior, leveraging the extended bullish trend and the consistency in price action. Given PAXG’s continued performance above key trendlines and the technical indicators’ alignment with bullish momentum, the strategy is designed to optimize gains while minimizing exposure during potential pullbacks or trend reversals.

=backtest_stock_component>