PAX Gold goes bearish · vs bullish altcoins market

PAX Gold produced a long upper wick mid-October 2025. As this bullish move was happening, we also witnessed the highest volume ever.

After a small retrace, PAXGUSDT continued growing reaching a new all-time high this month, January 2026. The ATH this month has less volume compared to October. This gives us a bearish volume divergence. At the same time, the RSI is overbought and also showing a four months old bearish divergence.

With a full parabolic rise, PAX Gold now has bearish potential. A major crash can happen anytime.

PAX Gold vs the altcoins market

When PAXG was extremely bullish mid-October 2025 the altcoins were extremely bearish. As PAX Gold moved up, the altcoins moved down.

Seeing the inverse relation, it can happen that as the PAX Gold moves down the altcoins market moves up.

Namaste.