PAXG Trading Volume Soars to $47.9 Million on Hyperliquid, Up 110.82%
- Surge in Trading Volume: PAXG's contract trading volume on the Hyperliquid platform reached $47.9 million within 24 hours, marking a 110.82% increase, indicating a significant rise in market interest for gold-backed tokens that could influence broader crypto market dynamics.
- Improved Market Ranking: This surge in trading volume propelled PAXG to the twelfth position on the Hyperliquid platform, reflecting strong investor engagement and potentially attracting more traders into the market.
- Positive Funding Rate: PAXG's funding rate remains positive at 0.0013%, demonstrating sustained demand for the asset and investor confidence, further solidifying its position within the crypto asset landscape.
- Significant Open Interest: The open interest for PAXG contracts reached $71.51 million, indicating substantial long-term commitment from traders, which may drive future market activity and price fluctuations.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN) As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000696 | 0.00175 | 0.00258 | 0.00363 | 0.00446 | 0.00552 | 0.00634 |
| Fibonacci | 0.00175 | 0.00247 | 0.00292 | 0.00363 | 0.00435 | 0.0048 | 0.00552 |
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